China Gets It
by Johnny Debacle
What separates China from the rest of the world? Accountability.
China’s former top food and drug regulator was executed Tuesday after his conviction on corruption charges, state-run news media said.
Zheng Xiaoyu, 62 years old, was given the death penalty on May 29 after being found guilty by a Beijing court on charges of taking bribes and dereliction of duty. Mr. Zheng, the former director of China’s State Food and Drug Administration, appealed the verdict last month, but a higher court upheld it and the execution was approved by China’s Supreme People’s Court, according to Xinhua News Agency, which reported the news.
…
Mr. Zheng and other past SFDA officials were accused of accepting bribes in return for approving the sale and distribution of drugs. This past weekend, the SFDA said it had suspended the sale of a drug widely used to treat leukemia and other cancers after a number of patients suffered adverse reactions.
In the US, Secretary of Homeland Secretary Michael Chertoff still has his post despite overseeing FEMA during the disastrous handling of the Katrina aftermath. Iraq has been a debacle but Rummy resigned without being fired, and — as far as we know — is still standing. Former CEO of Home Depot (NYSE: HD), Robert Nardelli, oversaw a half dozen years of stock price stagnation and walked away alive with hundreds of millions in cash money.
Does the US really get it any more? I mean besides our high standards of living, long life expectancy and unparalleled freedom –things which only matter to theorists, liberals and puppy dogs. Does the US get it?
In China, the state would have culled the bottom 10% and sprinkled their remnants into Meow Mix so that Western cats would feast on soy-meal based bits of their under-performing souls. That is accountability.
If there was a chance that your performance review would end with your execution, you (even Canadians) would be motivated to effect the kind of growth the Chinese have been able to wring out of their rice paddies and toy factories the last 23 quarters or years or whatever.
And just to demonstrate that you can’t be too cruel:
Another former SFDA official convicted on corruption charges was given a suspended death sentence Friday.
A suspended death sentence is a signal to the People to let them know that while Big Boss expects a lot, he is willing to show some mercy.
Recommendation: China gets how to set a tone and stick to it. This is why when the squids take over, China will be their no.2.
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Well done, Mr. Debacle.
http://businessopinions.blogspot.com/2007/07/china-executes-former-food-safety-chief.html
china’s getting it done by doing people in…niiice
Now that is the kind of value I have come to expect from this blog! 完æˆå®ƒ
JD, I can’t remember if you’ve ever been to China before. Regardless, not much gets done without bribes there. Something else happened, or this is a way to save face with foreign investors.
Speaking of giant squid. Another signal that trade still has room to run.
http://news.nationalgeographic.com/news/2007/07/070711-squid-picture.html
You write in your article that: “Another official convicted on corruption charges was given a suspended death sentence Friday.”
Rather than demonstrating leniency, I believe this refers to hanging.
^^^
actually no, a suspended death sentence in china just means that they let you enjoy the prison cell for a few years before killing you. kind of like our death row.
“Rather than demonstrating leniency, I believe this refers to hanging.”
That comment will play. Dominant.