There’s a reason why the Chinese are ascendant while America is in decline. Because the Chinese walk upright and aren’t afraid to apply justice to the pigs who are ruining their country; while at the same time, Americans bow and scrape to the same people who loot them, dreaming like peasants of the day they can become Donald Trump’s “Apprentice.” It’s a grotesque role-reversal, and we ought to be ashamed.
I’ve written about the wonderful Chinese “Mobile Execution Bus Fleets” as the solution to America’s banker problem, but you folks are all too damn squeamish and worried about “class war.” So while you roll over and take it as AIG announces yet another new round of bonuses stolen from your bank account,the Chinese get down to the business of executing their millionaire traitors. Can’t reform ’em, folks. Gotta put ’em down for the good of the country. Three more big ones this week, including two put to death because they “seriously damaged the country’s financial regulatory order and social stability”:
BEIJING // China has executed two people for defrauding hundreds of investors out of millions of yuan in beauty parlour, cosmetics and property scams, crimes which the government described as a serious blow to social stability.
The two executed fraudsters, Du Yimin and Si Chaxian, “seriously damaged the country’s financial regulatory order and social stability”, the supreme people’s court ruled.
But wait folks, that’s not all. One of the most powerful public-private officials was turned into mu-shu millionaire after getting nailed for taking millions in bribes, and more executions of top officials could be a-comin:
Former Beijing airport boss executed in ChinaBEIJING — Leaders of China’s elite state industries are renowned for their power, influence, and — in several recent cases — corruption. Increasingly, they are paying the price.
On Friday, the former head of the company that runs airports in Beijing and more than 30 other Chinese cities was put to death after the People’s Supreme Court upheld his sentence in a $16 million bribery and embezzlement case.
Li Peiying’s execution came two days after word emerged that the head of China’s nuclear power program was under investigation for alleged corruption. Just last month, the former chairman of China’s second-biggest oil company, Sinopec, was also convicted of taking $29 million in bribes and given a suspended death sentence.
The heads of state-owned enterprises “possess power and money, making it easy to give rise to corruption,” Wang Yukai of the China National School of Administration was quoted Friday in the Communist Party newspaper Global Times as saying.
Meanwhile, in the peasant states of America, here’s how we mete out justice to our rich and powerful. We hand over to them whatever they haven’t stolen already, and apologize for the delay:
Banks Paid $32.6 Billion in Bonuses Amid U.S. Bailout
By Karen Freifeld
July 30 (Bloomberg) — Citigroup Inc., Merrill Lynch & Co. and seven other U.S. banks paid $32.6 billion in bonuses in 2008 while receiving $175 billion in taxpayer funds, according to a report by New York Attorney General Andrew Cuomo.
“When the banks did well, their employees were paid well. When the banks did poorly, their employees were paid well,” Cuomo’s office said in the 22-page report. “When the banks did very poorly, they were bailed out by taxpayers and their employees were still paid well. Bonuses and overall compensation did not vary significantly as profits diminished.”
The top 200 bonus recipients at JPMorgan Chase & Co. received $1.12 billion last year, while the top 200 at Goldman received $995 million. At Merrill the top 149 received $858 million and at Morgan Stanley, the top 101 received $577 million. Those 650 people received a combined $3.55 billion, or an average of $5.46 million.
Citigroup and Merrill Lynch suffered losses of more than $27 billion at each firm, the report said. Yet Citigroup paid out $5.33 billion and Merrill $3.6 billion in bonuses.
Recent photo of American taxpayers working to keep JPMorgan bankers happy.
The looting’s still going on right in front of everyone’s eyes. Because no one’s doing a damn thing. All the rage in this country is on the rightwing–and all that rightwing rage is being used to make sure that rightwing hicks can’t afford their own health care. They’re literally willing to kill a liberal to make sure that that liberal doesn’t give them a longer, healthier life. But you don’t see them storming any AIG meetings, where they’re laughing in the hicks’ gullible faces:
AIG Sets Aside $249 Million for Retention Bonus Costs
By Hugh Son
Aug. 7 (Bloomberg) — American International Group Inc., the insurer criticized by Congress for handing out retention bonuses after its U.S. bailout, said the awards will cost the company $249 million in the last two quarters of this year.
The earmark includes $93 million for the division with AIG’s Financial Products, the unit that sold derivatives blamed for the firm’s near-collapse last year, the company said today in a regulatory filing. AIG said the entire retention program will cost $1.09 billion, including $824 million already incurred through June 30 and $19 million for 2010 and 2011 combined.
“The public will perceive this very poorly,” said Frank Glassner, chief executive officer of pay consulting firm Veritas LLC.
Er, Mr. Glassner, sir, there’s where you’re wrong. The public won’t perceive this at all. If anything, they get a sick satisfaction from getting fleeced by the rich. “He noticed me enough to steal from my grandchildren! Wow!” In the ghetto mentality of today’s America, what matters to the bottom 90 percent is making sure that the bottom 90 percent stays as miserable as they are, and no one gets out.
And ghetto it is, as the masses of Americans are getting poorer and poorer at a rate never before recorded:
American Incomes Head Down, Threatening Recovery in Spending
By Shobhana Chandra
Wages and salaries, which drive recoveries in spending, fell 4.7 percent in the 12 months through June, the biggest drop since records began in 1960, according to Commerce Department figures released yesterday. The Obama administration’s tax cuts, extended jobless benefits and a one-time Social Security bonus have helped mask the damage done by the worst employment slump since the Great Depression.
Yeah, I can hear you yawning, “So what? They’re just Americans.” True, Master-san… but I still have a faint memory of a time when Americans actually minded being treated like cattle, and I can’t completely shake it.
Thinking about how low Americans have fallen, I think about something Chairman Mao said about the Hunanese people 70 years ago, which applies to Americans today:
“The Hunanese have not strengthened their backs. They have vomited more than breathed.”
Read more: AIG, bonus, china, corruption, execution, Mark Ames, Class War For Idiots
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23 Comments
Add your own1. aleke | August 7th, 2009 at 1:22 pm
Too bad the Chinese participated in our stupid, irrational global ponzi scheme and now they’ll also pop and go down ze shit just like us http://www.youtube.com/watch?v=SSuUM3Abe00
The upside, however, is I’m sure they’ll turn very angrily against the “market reforms” that allowed such greedy criminals to rise to the top. If not the government, definitely the people, who are already quite discontent in the vast countrysides.
Can’t wait.
2. campy the babe magnet | August 7th, 2009 at 2:47 pm
Look, Ames, I actually agree with a lot of what you say vis a vis the clueless american underclass’s inexplicable tendency to identify with and support the supply side reaganite scumbags, but please dont insult my intelligence by implying that the execution of a few wealthy chinese members of the nomenklatura represents a grassroots movement by the a bunch of Han minutemen. These purges are nothing more than gangland elimination of certain ‘mob lieutenants’ that got too out of line as far as the capo was concerned – maybe they skimmed just a little too much too often so now they’re gettin whacked. That’s the story plain and simple – yeah, americans are sheep, but the chinese are the ticks on the sheep’s fat assm
3. wengler | August 7th, 2009 at 3:06 pm
The problem with China though is that its corrupt, evil fucks are getting executed by other corrupt, evil fucks in an attempt to portray to their restive population that they are doing something to alleviate the problem.
Here in the US the corrupt, evil fucks are all taking care of each other as the post-industrial workforce shrugs their shoulders and gets back to doing the useless shit that can’t help to pay for any sort of prosperous future. The problem here has become expectation about the way things work. We have devolved into a ratfucking peasant mentality that has us selling out our fellow peasant for a scrap of bread. The way people here identify with the interests of the wealthy is insane. People living in trailers concerned about taking out profit-motive in healthcare. People getting shackled into debt slavery with usurious rates, but as long as the market decides anything is fair! What fucking madness!
In the PRC an industrialized labor force is living on the edge, but they are beginning to wake up to the fact that they are making all the sacrifices and reaping none of the rewards. They may come to a future where they cash out their industry and destroy their economy at the behest of some marketing scam proposed by the ultra-rich(we call them 401ks), but today they are on the brink of actual expectation and consequence for the people in power.
The fact that our system leads to violence has been inevitable, but with every stupid random shooting in a small factory town or generic suburban landscape, the owners of this land must be laughing at how inept our resistance truly is.
4. plutocrat | August 7th, 2009 at 3:15 pm
U-S-S-R!!! U-S-S-R!!!
5. plutocrat | August 7th, 2009 at 3:16 pm
U-S-S-R!!! U-S-S-R!!! yo
6. Expat in BY | August 7th, 2009 at 4:23 pm
The bright side is that Americans will soon be at a wage level that would make them competitive with much of the rest of the planet. The black lining to that silver cloud is that Americans too won’t be able to afford anything beyond basic necessities, like much of the rest of the planet.
So much for the Halcyon days…
7. Realist | August 7th, 2009 at 5:35 pm
And what about the remaining cash not doled out as bonuses and dividends? Its used to game the commodities markets and to buy up public roads so the suckers spend their remaining days as slaves to the colonial store.
Escape from New York, anyone? Freeze all accounts, confiscate the ill gotten property, and declare Manhatten and the Hamptons a federal prison zone. Throw in some ultravionent methheads and psychos for good measure. Photography is encouraged.
8. Truth | August 7th, 2009 at 8:52 pm
The only solution to the U.S.A’s problem is if China or Russia decapitates the Federal Government in D.C with a nuclear strike.
The people are, as Noam Chomsky says, propagandized too hard and too often to even *THINK* of resisting.
Mind numbed robots drinking either:
1. Liberal glue
2. Conservative poison
Two sides of the same FUCK US IN THE ASS coin.
Vladimir, will you push the button please so we can start over?
9. steve | August 8th, 2009 at 1:06 am
thanks for helping me to straighten my back, mr. ames.
10. spotacus | August 8th, 2009 at 5:36 am
Perhaps those Chinese kleptocrats should have read those books by Karl Marx they no doubt have gathering dust on the shelves.
With adequate profit, capital is very bold. 20 per cent will produce eagerness. 300% and there’s not a risk it won’t run, even to the chance of its owner being hanged.”
Well shot in this case, no doubt their are ambitious go-getters waiting in the wings to take over from the old dead crooks.
11. Mark Nuckols | August 8th, 2009 at 5:39 am
Couldn’t fınısh thıs pıece, ıt’s too painful. See, I’ve spent the last decade stalking The eXile and Mark Ames. I wish I was Mark Ames. Ah well, I’ll just have to be Mark Nuckolshead.
12. Plamen Petkov | August 9th, 2009 at 6:47 am
naw, the Chinese are as corrupt as Americans, and probably even more so. The difference is the Americans will make their failures commit suicide the way the Enron boss did while the Chinese will make sure to get a good PR out of it to show the masses they are taking good care of them.
Yes, China is on its way to become the next superpower that’s not a question of if but when. I just hope USA doesn’t start WWIII by the end of 2009 or sooner because there is no other way for capitalism to get out of financial troubles except for declare a major war.
13. Oscar Zoroaster | August 9th, 2009 at 10:57 am
Why didn’t this happen in America’s rust belt?
“Mob beats Chinese steel factory executive to death”
Thousands of workers had gathered in northeastern rust belt city of Tonghua to protest the takeover of their company and threatened layoffs. http://www.latimes.com/business/la-fi-china-mob27-2009jul27,0,3235364.story
They dispersed later only after they were assured by authorities the sale would not go through.
14. Zhang | August 9th, 2009 at 11:01 am
Chinese government doesn’t execute corrupt officials, it executes officials who fall out of favor with the existing power structure. Refusal to go quietly when ordered results in this sort of story. Go ahead and think it’s some kind of altruism or for social benefit.
15. dmj | August 9th, 2009 at 5:51 pm
Of course the Chinese white collar executions are for show. But that’s the point of the article: to keep its restive population in check, the Party has to chop off a few heads. In the US of A, there is no restive population — just fatties, tweakers, religious retards, etc. In China, the goons that run the show face the problem of handling their unruly proletarian masses. In the birthplace of modern democracy, the goons that run the show can only laugh at their proletarian simps. Rightly so: if a slave demands to remain enslaved, then he he should get what he asks for. Welcome to banana plantation ‘Merica.
16. Sukla Sen | August 10th, 2009 at 10:02 pm
The only problem is that Chinese uprightness is a bit too menacing.
And the rich “pigs” are not the only victims.
An estimated thirty million perished during the Great Leap Forward. Unwept and, also,unannounced.
Foreigners would decipher it much later from the demographic data.
The precise figures are still being speculated and in dispute.
Ethnic and class unrests are quite frequent these days.
17. denk | August 13th, 2009 at 10:47 pm
Sukla Sen
**The only problem is that Chinese uprightness is a bit too menacing.
And the rich “pigs” are not the only victims.
An estimated thirty million perished during the Great Leap Forward. Unwept and, also,unannounced.
Foreigners would decipher it much later from the demographic data.
The precise figures are still being speculated and in dispute.**
so china is “menacing” coz many people perished in the ccp’s failed social engineering.
well, if you wanna judge someone, see how he deals with the small guys in the neighborhood.
http://tinyurl.com/krgjay
**Ethnic and class unrests are quite frequent these days.**
india is hardly in a position to crow about china’s unrest…
http://tinyurl.com/9zcyxo
the difference is that unlike the dalai lama and kadeer of xinjiang’s fame, who are feted in washington and paraded around the worlds capitals like celebrities, india’s rebels such as the nagals, assamese, kashmiris etc. are hunted down like rats in the jungles.
18. machete | August 18th, 2009 at 1:32 pm
Who gave our wall street criminal trillions? answer: obama, emmanuel, axelrod, schumer, frank, feldman, geitner, volker, pelosi, summers, rattner, cass summstein, orszag, ‘pay czar” feinberg, sheila bair, mary shapiro. All government employees of the Left wing Democrats. Could they fit in this execution bus? Goldman, AIG, CITI asked for billions- they recived trillions. Socialist government at work.
19. jeyeykei | August 19th, 2009 at 2:11 am
Time for you americans to accept the fact the truth that all the wealth your country had were all illusions. Sorry!
20. Anthony Maw | August 30th, 2009 at 11:10 pm
Ha ha…those White Americans Capitalists have the hubris to continually allege that there is widespread corruption in China… In olde Anglo-Saxon parlance, that’s the pot calling the kettle black!
21. M | July 29th, 2010 at 4:24 pm
Nice pics in this article! I linked one and added a link back.
You may like my article—
http://theamericancritic.com/articles/Wikithinks_Someone_Needs_An_ASS_WHIPPING
22. Ash | November 21st, 2010 at 7:15 am
The difference is that the PRC government in essence exists to serve the people, the peasants, the workers, the poor, the downtrodden and the backbone of their country. Okay, sometimes it doesnt appear like that, but that is what they do. In the US, they exist to serve the few, to the misery of the many. Long live China. Workers of the world unite.
23. FuckThisWebsite | November 24th, 2011 at 1:14 pm
hi i am a billionaires-toes-sucking troll and whenever i see anyone who doesn’t love billionaires i write “you are fucking disgusting.” also because i have an amazing sense of humor i write: “if you are so jealous of china’s great justice system and human rights, why don’t you move there?? seriously get the fuck out of this country you ungrateful cock suckers.” i really hate cock suckers because mr koch never lets me suck his cock only his toes or boots
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