Xi Jinping's anti-corruption crackdown necessarily slows the dynamism of China's capitalist system because corruption is structurally part of the system; cracking down on corruption is effectively cracking down on the market economy, causing capitalists to become frightened, entrepreneurs to leave or reduce risk-taking, bureaucrats to become more cautious, and underlying growth dynamics to slow.
causalpending
Speaker
Martin WolfEvidence Quote
“the more he cracks down on corruption the more difficult it is to sustain the dynamism of China's capital system many of the capitalists get frightened some of them leave the country some of them stop doing the risk-taking they did before [17:07]”
Created: 8/12/2026, 6:24:34 PM
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