Chinese corruption

The Bronte Capital blog has an interesting post on China: The Macroeconomics of Chinese kleptocracy. It argues that "China is a kleptocracy of a scale never seen before in human history" and that low inflation is a threat to this kleptocracy. I don't know China well enough to comment. The blog contains a link to a presentation by Australian journalist John Garnaut Is China Becoming a Mafia State? John Garnaut has some interesting things to say.