The PRC cannot purge corruption. Corruption is the fringe benefit that motivates minor Party officials to want to be Party officials and strive to go higher in the Party.
It's what brought down the USSR. You need some incentive to get people to strive. With the free market, it's the chance to make a lot of money by coming out with a superior product or service. With Communism or Third World oligarchies (or American politics), it's the chance to get in on some good graft.
Of course we abandoned the free market years ago, as well, and our day of reckoning is coming.
“The PRC cannot purge corruption.”
Bottom line is: (sung to the song “love and marriage”)
Corruption and government, corruption and government
They have a marriage like a horse and carriage.
And the bottom line is the top income tax rate in china is 25%. Yes you never get rid of corruption in govt. for they are truly a married pair. But the chinese govt. is actually smaller than ours in terms of percent of gdp.
I agree about the corruption problem. The wealth is still in the hands of a few. Those few will do what all successful people in communist countries do, LEAVE. They go to Hong Kong, Singapore, etc. corruption will never allow for real, long term success, and real market indicators are actually not in their favor. There are the additional problems of life threatening pollution, poor infrastructure, increasing income gap, low standards of living, radically disporportionate male/ ratios, high risk internal and external debts, aging population, and the rest of the world’s growing fiscal tightening. China is a ticking time bomb.