Monday, June 18, 2012

fakin' it

In China, the world of phony iPads, ersatz Apple stores, pirated DVD's and the rest of it has been taken to a whole new level with the revelation that rice trader Lin Chunping had bought an American bank that purely did not exist ... and reaped position and praise as a result.

"Jargon left from a century of political revolution is so disconnected with reality that the society is filled with meaningless, empty talk," said He Huaihong, a Peking University philosophy professor who teaches ethics.

When empty talk takes center stage, when style overwhelms substance, society suffers. 

And it's the same for individuals, I think.


  1. Lying about that he paid 60 million for the purchase of a non-existent bank is just chump change. Nothing mentioned about defrauded depositors or other collateral harm.

    Recall that the American Bernie Madoff defrauded thousands of investors of 65 Billion dollars.

    Let's not forget 2008 and the "too big to fail" financial institutions that in the end defrauded everyone except the few remaining old timers who never believed in banks.