Freakonomics Radio

481. Is the U.S. Really Less Corrupt Than China?

7 snips
Nov 4, 2021
Yuen Yuen Ang, a political science professor and author from the University of Michigan, discusses the surprising similarities between corruption in the U.S. and China. She explains how American corruption is often legal, challenging the notion of moral superiority. The conversation delves into the unique corrupt practices in both countries, such as China's 'naked official' system. Ang also examines the paradox of China's economic growth amidst corruption and the implications of lobbying in the U.S. banking sector, prompting a re-evaluation of our understanding of governance.
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ANECDOTE

Modern American Corruption

  • Recent headlines reveal potential corruption in the U.S., including judges with financial conflicts of interest.
  • Influence peddling via lobbying yields greater returns than research and development.
INSIGHT

Smugness and Corruption

  • Ang suggests Americans shouldn't be smug about Chinese corruption given their own sophisticated version.
  • Both countries face cronyism, financial risks, materialism, and ecological crises.
INSIGHT

Corruption and Growth

  • Ang links China's economic growth to the type of corruption.
  • Growth-damaging corruption like embezzlement was contained, while influence peddling thrived.
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