If you get caught in China, Vietnam, or Singapore the penalties for white collar criminals is zero tolerance. You can’t buy your way out if you do something so spectacular that you cause the government to lose face.
You might as well go jump off a building or a bridge cause you’re done for.
https://www.nbcnews.com/health/health-news/china-executes-ex...
https://www.reddit.com/r/interestingasfuck/comments/uvm7oy/i...
What about the bridge falling down people, or the overpromised scam apartment people, or the tunnel that flooded people, or the police officers that blocked view of the flowers left for the folks who died in the tunnel that flooded people, or the opened the dam to flood the farmers during the rainy season people, or the fake drains people, or the fake fire hydrants people, or the lead paint in the kids school food people, or the covered up the lead paint in the kids school food doctors, or the barricaded an apartment that was burning during covid people, or the apartments with styrofoam instead of concrete that collapsed in venezuela earthquake people...?
Absolutely you can. I wouldn't be surprised if the entire thing is fabricated to just execute political opponents that don't align with Xi.
When John Meriweather and the rest of LTCM nearly blew up the market they didn't get a bailout, and the taxpayer didn't fund the hole in the balance sheet. The New York Fed organized private money and leaned on all their counterparties to get it done, but they didn't backstop it. Meriweather and the Sheik and Scholes and the rest were wiped out, they worked it off for a couple of years for salary and then skunk away in shame (we had shame back then). Took it like men near as I can tell. I admire John Meriweather a great deal in spite of the scandal.
President Clinton was impeached and very nearly removed from office for (ultimately) consenting but untoward involvement with a young woman (they got him on lying about it technically, but the political will was there because the country was furious about the skirt chasing.
Enron. Accounting that went from aggressive to sketchy to fraudulent (most of it would pass with flying colors today). Hard time. Skilling, Fastow I think just got out like five years ago (don't take my word for the date). Ken Lay IIRC died before they locked him up which saved him dying inside.
Madoff, died in prison. Ebbers, I think he died in prison too.
When Microsoft was gearing up to strangle the web in its crib the Justice Department pulled guys off of terrorists and human traffickers to go take a pipe to Gates until he backed off, he was allowed to keep Microsoft intact by letting the web happen, the Feds weren't asking, he decided to not fuck around and find out.
Consequences for serious fucking bad shit for people who are our leaders work. A people gets exactly what it demands from it's leaders and that's exactly what a people deserves.
Right now we're choosing to settle for a lot less, China is demanding more. Which is why we're getting our asses kicked.
Not with money.
I think this is more about punishing political grafting than white-collar crime.
But, are these sort of things just examples of selective prosecution? Would the inner circle members of CCP leadership realistically face the same prosecution and sentencing, if they were to be caught doing the same?
One thing that China does should be adopted in the West.
For instance, high level executive Bryan Malinowski was executed by the ATF and barely anyone noticed, but if the courts had sentenced him in such way, there would be great outrage.
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Whistleblower Yang Hai already reported Yang Youlin for his economic misconduct in July 2008. The whistleblower was detained because of the report at Nov 21st, 2008.
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People's comment on this matter around March, 2009:
哇塞!终于有人敢动杨友林啦,杨海好样的。杨友林此人早该除无奈碍于他的势力。除掉杨友林大快人心。Wow! Finally, someone dares to take action against Yang Youlin. Good job, Yang Hai. That guy should have been dealt with long ago, but we were stuck with his influence. Getting rid of him is incredibly satisfying.
不杀此贪官,难平民愤。If you don't execute this corrupt official, you won't appease the public's anger.
江宁有一个传说,谁也动不了杨永林!There's a legend in Jiangning: nobody can touch Yang Youlin!
他的保护伞是谁?Who is protecting him?
希望引起中央的重视!I hope this gets the attention of the central government!
现在社会怎么啦?好多天了根本没人关注这件事?是上层没有看到?还是视而不见?还是怕牵连自己?What's going on with society lately? It's been days and no one is paying attention to this! Did the higher-ups miss it? Are they turning a blind eye? Or are they just afraid of getting dragged into it?
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Since the report, there were several pieces of news about "the investigation about Yang Youlin is ongoing", but no real progress until 2023.
It certainly helps motivate them to testify in court.
Strong minority opinion: If someone steals more than the average total lifetime earnings of 10 people, I think the death penalty should apply. That's about 25 million USD
But I gotta say something: if the EU or the US were to kill politicians taking in bribes, there wouldn't be many politicians left.
Society cannot work with too many corrupt civil servants. Yes, "autocrats", "civil liberties", and yet - the guy slurped up $325M to put his finger on the scale, not to change the model of governance.
I wish we in the west took corruption more seriously, but I suppose we're more interested in cage fights on the lawn these days.
is it prone to abuse by those who yield power - Yes!
however - the alternative - where corruption goes unchecked is even worse!! if you come from a poor country e.g in Africa - you would've experienced the effects of corruption.
American are now experiencing it now - & the country is already worse off. though before corruption in American was used as an incentive mechanism - now it's just pure grift.
so yeah sentencing one or two people to death explicitly is the humane outcome vs sentencing thousands to death implicitly.
Additionally, there are two noteworthy aspects regarding the unique characteristics of Chinese law:
(1) The characteristic of "politics over law" in China has gained increasing approval online. Previously, many people admired and envied Western judicial independence, but more and more people are realizing the drawbacks of this system.
(2) China has always been very cautious regarding the execution of the death penalty. Even during the feudal dynasties, official executions remained rare and typically required imperial review. In essence, China still operates under a model of governance by Confucian elites.
In North Korea, you get a death sentence for even something a lot smaller.