Polymatter describes how China has been allowing corruption is a form of cash and perks that are a commission system for business development.
High-level leaders (elites in government) are promoted and rewarded for attracting growing businesses. The lower level bureaucracy is given very lower wages aka base pay. The elites make a deal that they will give rewards (cash and perks) to the lower levels who help them climb the ladder and succeed.
The top of China’s government lays out five-year plans to target the development of key technologies and to reach GDP growth and other economic targets. These key goals are management by objective.
The Access Money can be considered lead generation from the China side and permitted charging of successful introduction fees.
The Speed Money is a business bonus to get the most likely successful businesses and projects fast-tracked.
China’s system is flexible and adjusts as a real-time to a market for business development in and out of China.
Singapore has a professionalized system of government where technocrats are paid commercial level wages to non-corrupt professionals.
China’s system of government business development is an imperfect chaotic system of bonuses and commissions that aligns with overall national economic and technological growth.
Theft corruption (large and small) are bad and only benefits the criminals.
Speed and access that develop good new legitimate and desired businesses are good.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
Not that different from the Spartans…you had to be a made guy to be treated as an adult, right.
Let’s just see if you have what it takes.
China thus has driven men—while we make snowflakes.
Hah. Like Russia and the rest of Eastern Europe – posing on galloping thoroughbreds, with luxurious hair pieces all a-flutter in the wind – the Putin man template we should all follow…
The ‘real man’ 70s died with disco.
Though, I am ‘much’ in agreement with that famous saying:
“…Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times…” but timely and measured incentives are better with minimized regulation and reasonable risk.
Meh. Corruption, nepotism, collusion, misappropriation, fraud … and then into the tax issues… and then the endless list of conflicts of interest and perceived scandals.
Every country, government, industry, community, and cultural/ income class partakes or knows some entity or turns a blind eye. The Ends justifies the Means. Greasing the wheels.
One thinks the world would be a better place with utter transparency, endless check, and rigorous accountability – not a chance. Hyper-surveillance and stilfing red-tape crushes initiative, risk, effort, and ultimately: achievement. Better to have a highly automated and document-heavy process for all transactions -with overall strong early trust- with powerful after-issue investigation powers, random audits, and heavy fines — all in a strong ‘due process’ mentality. Reduces bureaucracy, maintains tight policing system in a smaller group, and minimizes leaks. The only major downside is it may create a kangaroo court system of trumped-up charges and showmanship trials. A difficult sweet spot.
So corruption is based on starting up companies, not on companies being successful? Seems sustainable (sarc).