The money is being spent on new cars and not on new factories. The main problem in Russia, according to Rashkolnikoff, was that with the end of communisism, shooting capitalists also ended. It makes them think twice before being too greedy. The world-wide outbreak of corruption is the basis for the Chinese proposal to execute economic criminals. China routinely executes economic criminals, Lo noted.
China also has less foreign investment as well.
Alan Greenspan, head of the United States Federal Reserve Bank, quickly opposed the Chinese proposal to shoot economic criminals. Though if the death penalty could be selectively applied, we might favor the idea. Greenspan would not elaborate on who he'd like shot, but many observers believe Greenspan would pull the trigger himself on the managers of hedge funds. European financial leaders were also opposed to using the death penalty to regulate world markets.