There is much we can learn from the Chinese.

For example:

BEIJING, China AP — A former Beijing vice mayor in charge of overseeing Olympic construction projects has been given a death sentence for corruption, a court clerk and his lawyer said Sunday.

The Intermediate People’s Court in Hengshui, a city outside Beijing, ordered the death sentence Saturday after finding Liu Zhihua guilty of taking bribes, said a court clerk who would only give his surname, Ma.

Then there is their success at turning a communist county into a capitalist one. That will come in handy a few years from now.

2 comments

  1. John Konop says:

    Chris

    You might find this interesting.

    Letter: Andrew Lahde, Lahde Capital Management

    Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye.

    Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, “What I have learned about the hedge fund business is that I hate it.” I could not agree more with that statement. I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.

    There are far too many people for me to sincerely thank for my success. However, I do not want to sound like a Hollywood actor accepting an award. The money was reward enough. Furthermore, the endless list of those deserving thanks know who they are.

    read more

    http://www.ft.com/cms/s/0/128d399a-9c75-11dd-a42e-000077b07658,s01=1.html?nclick_check=1

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