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 Huff Post. Hello. I'm here with Anna Shumansky of Breaking Views.

Hello. And most excitingly, we are here with Professor Yuan Yun Yun-Uenn-N-U-N-U-N-U-N-U-N, who is a professor at the University of Michigan.

Professor Ang, 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 Gilded Age.

So that's exactly what we're going to be talking about this week. We're going to look at of China and its parallels with America's Gilded 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 Ang, let's start with you and your book, which is fantastic and really changed the

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