Saturday, August 13, 2011

Indian Politicians and Chinese Communist Party Politburo

Why anyone in India wants to become a politician--be it a MLA (Member of legislative Assembly) and a MP (member of parliament)?

-- Those who want to protect their assets, companies, etc. For instance, SPY Reddy, MP from Nandyal, owns many companies there and these companies pollute, for instance, Kundu river nearby, thereby causing problems for drinking water along that river. Since he is a MP, no official can take action on him.

-- If you wanna become rich, you need to rob the richest. Who is the richest? Of course, the government. That's what Russian don Semion Yudkovich Mogilevich did. That's what hedge funds do: they don't like investors who have $100K, rather want public pension funds. In India, you need to compete to get access, the way students compete for a seat in an IIT, an IIM.

Many Indian politicians own companies (like Halliburton) that get huge contracts from government--construction of roads, power plants, reservoirs, bridges, dams, etc. If you are not politically connected, you will go bankrupt.

How about Ambanis? Of course, they are as 'corrupt' as an average Indian politician. They pay off parties to get what they want--cellular specturm, gas, oil reserves.

How this Indian Political system different from Chinese Communist Party?

No difference in kind: from wikileaks

The need for consensus and the desire to protect
vested interests are the main drivers of Politburo Standing
Committee (PBSC) decision-making and Chinese leadership
dynamics in general, according to Embassy contacts with
access to leadership circles. Contacts have variously
described relations at the top of CHINA's Party-state
structure as akin to those in the executive suite of a large
corporation, as determined by the interplay of powerful
interests, or as shaped by competition between "princelings"
with family ties to party elders and "shopkeepers" who have
risen through the ranks of the Party.

CHINA's top leadership had carved up
CHINA's economic "pie," creating an ossified system in which
"vested interests" drove decision-making and impeded reform
as leaders maneuvered to ensure that those interests were not

Who controls what in China?

Former Premier Li Peng and his family, all electric power interests
PBSC member and security czar Zhou Yongkang and associates, the oil interests
the late former top leader Chen Yun's family, most of the PRC's banking sector;
PBSC member and Chinese People's Political Consultative Conference Chairman Jia Qinglin, Beijing real estate developments;
Hu Jintao's son-in -law,
Wen Jiabao's wife, CHINA's PRECIOUS GEMS sector.

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