Hello!

Hello Welcome to the China's Gilded Age edition of Slate Money

Your guide to the business and finance news of the week.

I'm Felix salmon of Axios. I'm here with Emily Beck of Huffpost.

Hello! I'm here with Anna Shimanski of Breaking Views.

Hello. And most excitingly we are here with Professor Yuan Yuan

Aung who is a professor at the University of Michigan.

Professor Aung, what do you profess and tell us about your new book?

Hi, thank you very much to Slate Money for having me.

I am a professor of political science at the University of Michigan and I specialize in the study of China's political economy

as well as the political economy of emerging markets more broadly. So my new book

looks at the relationship between corruption and capitalism in the context of China and its parallels with America's

Guilded Age.

So that's exactly what we're going to be talking about this week. We're

going to look at corruption. We're going to look at whether and when corruption can

actually cause growth rather than impeding growth. We're going to look at what kind of parallels there are

with the United States both in the 19th century and also today. We're going to

wonder just how corrupt the United States is and whether there's a double standard going on.

We're going to look at a few other countries as well, like India, Brazil and Russia.

We're going to have a whole slate plus segment on the future of China and what's going to be driving

that. It's a really fascinating deep dive and it is all coming up on slate money.

Professor Aung, let's start with you and your book. money. Last time I thought about corruption in any kind of great detail was back at the, when Jim Wolfinson was running the World Bank and he said, we're going to have a big crackdown on corruption and this is the most important thing that the World Bank is going to care about and

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