China’s payment system: Revolution, "Political Corruption: Can the Swamp Be Drained?" 1 day ago   1:27:28

Brookings Institution
On June 17, Aaron Klein, fellow in Economic Studies, released a new report detailing how China’s payment system works, what it means, and what lessons the United States can take away. After the presentation, a panel of experts discussed China’s new payment system.

https://www.brookings.edu/events/chinas-payment-system-revolution-evolution-or-passing-fad/ (transcript available)

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Comments 441 Comments

christos karagianis
another expert in Chinese affairs
christos karagianis
if America has so many inteligian people and so many intellectuals why so much poverty in America with so much wealth may someone tell me why please..the question is why so much poverty?country which it doesn't look after his own people must be something wrong with those people running the country period
TrueChurchIsGMS
Hit bob
t
The "Central bankers" (blood suckers) own america... but they are F***ed in china... they cannot come in, it is over.
That is why they are fighting the "Blockchain" technology world wide... it is over for the "Money Changers".
First we need to take out the "paid" politician out of office and put the bankers in Jail for life...
TrueChurchIsGMS
I never made a god damn deal with anybody
TrueChurchIsGMS
Hit bob joel and neighbors. U.s. is going to war with iran now
TrueChurchIsGMS
Hit bob neighbors joel. Make my policies happen now
TrueChurchIsGMS
Hit bob neighbors joel and all who dont make change happen now
TrueChurchIsGMS
Hit bob joel neihbors make chanhe happen now
tux tam
*David Dollar?!!! A man here is called "David Dollar"!!*
Are you kidding me?
Is "Dollar" even a family name?!!!
Lawrence Wong
Good discussion overall, to-the-point, non-dogmatic, from EU, China and US perspectives. Thumbs up!
Pedro Daniel Pfaff
Is this the same system of payment that was invented. By Empassa in Keynia
F Z
Bahá’u’lláh
set forth principles of guidance and teaching for economic readjustment.
Regulations were revealed by Him which insure the welfare of the commonwealth.
As the rich man enjoys his life surrounded by ease and luxuries, so the poor
man must likewise have a home and be provided with sustenance and comforts
commensurate with his needs. This readjustment of the social economic is of the
greatest importance inasmuch as it insures the stability of the world of
humanity; and until it is effected, happiness and prosperity are impossible.






         (Abdu'l-Baha, Baha'i World Faith -
Abdu'l-Baha Section, p. 240)
Andrew Teo
The West practise the Worst kind of human behaviour. Whatever Asia and China do is bad and whatever the West do is human rights and democracy while they are responsible for history colonialism and slavery
syncmaster915n
As an sme in Canada, i'd rather use the Chinese payment model than the parasitic credit card system. Cash payment also cuts into our overhead although not as much. I don't mind bank debit cards however.
95 yolles
Oh, they stole in USA technology. Tunnels were invention of the usa and they did not pay for the Copyright. This is why trump started the Trade War. Making USA great again.
FireRaccoon
How is this talk from June 2019? You would expect this is from 2016...
Lei Zeng
Two reasons stop US from improving their payment system to the internet way. One is Credit Card companies and the Banks don't like it, and the other is the reliable network. You can use Alipay or Wechat Pay in a small village of China, but you may lost the network connection in a town of US.
SH Tan
chinese system let customer get $100 worth of goods, while usa system will only receive $95 worth of return.
luminous life
Everyone says no charges in this system and yet I heard one of these ratbags say that is an incentive to get people using, once they are hooked and dependent, bam, here come the charges fools bwhahahahahahahahahahahah. I used drug analogies with absolute purpose.
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"Political Corruption: Can the Swamp Be Drained?" China’s payment system: Revolution, 1 day ago   56:02

This lecture was given as part of the April 2018 National Leadership Seminar, "What is American Greatness?"

Hillsdale College National Leadership Seminars are held in various locations across the country two to three times each year and address issues of politics, economics, and culture.