“Universities selling their brand to China are much too willing to sell their principles as part of the package,” says Christopher Balding, as “children of Chinese senior party officials who, on paper, make less than $20,000 a year are attending elite U.S. universities and enjoying the benefits while their parents rail against the dangers.” Despite supposedly receiving a liberal education, many such students remain “openly hostile to Western values,” says John Pomfret. (FP, Supchina)
Capital flight from Russia is now equal to the collective wealth of all Russian households, and private wealth held outside the country is around three times larger …read more
Source: Kleptocracy Initiative