Sunday, December 2, 2012

Money grubbers

On 10/25, there was an article in NY Times to vividly describe how flagrant the family members of Chinese premier Wen to amass humongous wealth during his tenure of premiership. (http://www.nytimes.com/2012/10/26/business/global/family-of
 probably inaccessible in mainland China). It is amazing how blatant the influence peddling by the family members of high-level officialdom in China. Then, on 10/20, NY Times had an article to describe how Wall Street money-grubbing businessmen have created a glut of natural gas and plummeting price. (http://www.nytimes.com/2012/10/21/business/energy-environment/in-a-natural-gas-glut-big-winners-and-losers.html).
Greedy Wall street money-grubbers at least produce some benefits for consumers since their greed created a glut of natural gas that overwhelmed the market which, in turn, made the price of natural gas drop by more than 60%. Greedy family members of China's elite political circle only create resentment and indignation from general public.

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