If America loses its ruthless rivalry with China, not only will we be required to bend knee to Xi Jinping, General Secretary of the Communist Party for life, but our political toadies and crony capitalists will need a new method to bribe their way to success.
Gone will be attache cases stuffed with $100 bills, Swiss bank accounts with prefixes “S” for Senate and “H” for House of Representatives.
Even stock options, dancing girls, prancing boys, investments tips, Super Bowl tickets or invites to trips around the world – all will be passe under the new China regime.
If you want to get ahead in the new American Province of China (APC), there’s only one sure way to feed your greed.
A bottle of Moutai baijiu.
A colorless liquor with between 30 to 60 percent alcohol – fiery by some analysis – moutai was the favorite booze of Chairman Mao Zedong, revolutionary founder of the People’s Republic of China (PRC).
Mao is revered in China by members of its communist party, even though an estimated 700,000 of his political opponents (counter-revolutionaries) were murdered in 1950 to 1952.
From 1958 to 1962, his Great Leap Forward policy led to the deaths of up to 45 million people from disease and starvation – easily making it the worst episode of mass murder ever recorded.
What Mao drank has a weird magic today of its own and strangely makes moutai very valuable. The bottle on right is fresh brew sold in U.S. for $300 a bottle. Older vintages go for far more.
High-end bottles of moutai go for thousands to tens-of-thousands of dollars at auction. Moutai baijiu is the most popular gift of bribery within the Chinese Communist Party (CCP), because it is seen as more subtle than just handing over bags of cash.
That drink has made Kweichow Moutai the most valued Chinese-listed company with a 2.1 trillion yuan ($301 billion) market capitalization. It recently passed #2 Chinese-listed company: Industrial & Commercial Bank of China in June.
Kweichow Moutai is partially listed on the Shanghai Exchange. Its stock is a favorite for U.S. institutional investors, and is well-covered by Wall Street equity research analysts. This year, Kweichow Moutai shares have risen 42 percent, far outpacing the 8.5 percent gain of the Shanghai Composite Index.
The company has seen a backlash.
Shares crashed some 8.4% on July 16 when Learning Group – a social media platform run by the CCP People’s Daily – questioned whether the company’s booming stock price was tied to corruption and graft.
The article titled, “Moutai smells bad. Who’s footing the bill?” considered moutai’s role in business and high-level political dealings, and noted that former Kweichow Moutai chairman Yuan Renguo was fired for corruption.
Caixin, a business magazine, reported that Yuan was also removed from the CCP for “huge amount of bribes” and “severe violations of discipline and law.”
Gifting moutai to honor Mao seems like an insane idea, because he didn’t just murder his opponents. Mao also launched a mass genocide with his absolute rule. Ending personal freedom there led to disaster – a lesson for politicians in today’s America.
“Mao thought that he could catapult his country past its competitors by herding villagers across the country into giant people’s communes. In pursuit of a utopian paradise, everything was collectivized. People had their work, homes, land, belongings and livelihoods taken from them,” according to Frank Dikötter, author of Mao’s Great Famine
In collective canteens, food – distributed by the spoonful, according to merit – became a weapon used to force people to follow the party’s every dictate. As incentives to work were removed, coercion and violence were used instead to compel famished farmers to perform labor on poorly-planned irrigation projects, while fields were neglected.
A catastrophe of gargantuan proportions ensued.
Extrapolating from published population statistics, historians have speculated that tens of millions of people died of starvation. But the true dimensions of what happened are only now coming to light, thanks to the meticulous reports the party itself compiled during the famine….
What comes out of this massive and detailed dossier is a tale of horror in which Mao emerges as one of the greatest mass murderers in history, responsible for the deaths of at least 45 million people between 1958 and 1962.
It is not merely the extent of the catastrophe that dwarfs earlier estimates, but also the manner in which many people died: between two and three million victims were tortured to death or summarily killed, often for the slightest infraction.
When, for example, a boy stole a handful of grain in a Hunan village, local boss Xiong Dechang forced his father to bury him alive, Dikötter added.
One thought on “China disdains cash for bribery, favors this…”
Good one Fred. The Chinese are not the only masters of graft, but they certainly are the grand masters.