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faces accusations of embezzlement and perjury, Reuters reported, citing copies of prosecutors’ documents

“The special prosecutors' office, in making this decision to seek an arrest warrant, determined that while the country's economic conditions are important, upholding justice takes precedence,”

Lee is due to appear at a court hearing on Wednesday, when a judge will decide whether to grant the arrest warrant.

Neither McKinsey nor Boeing was charged in the case, and Boeing has not been accused of paying bribes. But several employees of the two companies are believed to have testified before a grand jury. Boeing continued to pursue the venture even after being advised that its partner’s plans included paying bribes, records show

As orders flooded in, Boeing executives knew well what was at stake. In an article about the Dreamliner, The M.I.T. Technology Review quoted a manager saying, “If we get it wrong, it’s the end.”

But Boeing faced a more basic question: Should it even be doing business with this group — largely little-known figures from India, Sri Lanka and Hungary? The exception was the leader and leading financier, Mr. Firtash, who had expertise as the owner of titanium processing plants in Ukraine.

This was the business plan that McKinsey was brought in to assess, the plan that its report described as including the paying of bribes.

then there was the curious timing of the Americans’ pursuit of Mr. Firtash, which the judge suspected was linked to his influence in Ukrainian politics, especially his help in electing the president, Viktor F. Yanukovych, in 2010.

As soon as it became clear that Mr. Yanukovych, under pressure from Russia, was reconsidering signing the European Union agreement, the judge pointed out, an American delegation traveled to Kiev to bring him in line.Facing the prospect that Mr. Firtash might sway Mr. Yanukovych and use his connections to help him remain in power, the United States asked Austria to arrest the oligarch, the judge said.

Then, a few days before the planned arrest, the documents show, came another urgent message: “As part of a larger strategy, U.S. authorities have determined we need to pass up this opportunity.” No arrest. No explanation of the larger strategy.

To the surprise of American officials, the judge denied extradition on the grounds that the request was politically motivated, whether or not Mr. Firtash was “sufficiently suspected” of breaking the law.

In response to questions from The Times, Dan Webb, one of Mr. Firtash’s lawyers and a former United States attorney in Chicago, said his client had nothing to do “with the creation or presentation of the PowerPoint slide proposing bribery and used by U.S. prosecutors to support extradition of Firtash.” He accused prosecutors of falsely telling Austrian officials that the slide constituted “clear proof” that Mr. Firtash was behind the bribery scheme, adding that “U.S. prosecutors never withdrew their false statement.

his case is one of dozens discovered by reporters appearing to show Credit Suisse opened or maintained accounts for clients who had serious convictions that might be expected to show up in due diligence checks. There are other instances in which Credit Suisse may have taken quick action after red flags emerged, but the case nonetheless shows that dubious clients have been attracted to the bank.

Like every other bank in the world, Credit Suisse professes to have stringent control mechanisms to carry out extensive due diligence on its customers to “ensure that the highest standards of conduct are upheld”. In banking parlance, such controls are called know-your-client or KYC checks.

A 2017 leaked report commissioned by Switzerland’s financial regulator shed some light on the bank’s internal procedures at that time. Clients would face intensified scrutiny when flagged as a politically exposed person from a high-risk country, or a person involved in a high-risk activity such as gambling, weapons trading, financial services or mining, the report said.

Such controls might be expected to prevent a bank from opening accounts for clients such as Rodoljub Radulović, a Serbian securities fraudster indicted in 2001 by the US Securities and Exchange Commission. However, the leaked data identifies him as the co-signatory of two Credit Suisse company accounts. The first was opened in 2005, the year after the SEC had secured a default judgment against Radulović for running a pump-and-dump scheme.

One of Radulović’s company accounts held 3.4m CHF (£2.2m) before they closed in 2010. He was recently given a 10-year prison sentence by a court in Belgrade for his role trafficking cocaine from South America for the organised crime boss Darko Šarić.

Due diligence is not only for new clients. Banks are required to continually reassess existing customers. The 2017 report said Credit Suisse screened customers at least every three years and as often as once a year for the riskiest clients. Lawyers for Credit Suisse told the Guardian these periodic reviews were introduced “more than 15 years ago”, meaning it was continually running due diligence on existing clients from 2007.

The bank might, therefore, have been expected to have discovered that its German client Eduard Seidel was convicted of bribery in 2008. Seidel was an employee of Siemens. As the multinational’s lead in Nigeria, he oversaw a campaign of industrial-scale bribery to secure lucrative contracts for his employer by funnelling cash to corrupt Nigerian politicians.

After German authorities raided the Munich headquarters of Siemens in 2006, Seidel immediately confessed his role in the bribery scheme, though he said he had never stolen from the company or appropriated its slush funds. His involvement in the corruption led to his name being entered into the Thomson Reuters World-Check database in 2007.

However, the leaked Credit Suisse data shows his accounts were left open until at least well into the last decade. At one point after he left Siemens, one account was worth 54m CHF (£24m). Seidel’s lawyer declined to say whether the accounts were his. He said his client had addressed all outstanding matters relating to his bribery offences and wished to move on with his life.

The lawyer did not respond to repeated invitations to explain the source of the 54m CHF. Siemens said it did not know about the money and that its review of its own cashflows shed no light on the account.

A representative for Sederholm said Credit Suisse never froze his accounts and did not close them until 2013 when he was unable to provide due diligence material. Asked why Sederholm needed a Swiss account, they said that he was living in Thailand when it was opened, adding: “Can you please tell me if you would prefer to put your money in a Thai or Swiss bank?”

One client, Stefan Sederholm, a Swedish computer technician who opened an account with Credit Suisse in 2008, was able to keep it open for two-and-a-half years after his widely reported conviction for human trafficking in the Philippines, for which he was given a life sentence.

Swiss banks have cultivated their trusted reputation since as far back as 1713, when the Great Council of Geneva prohibited bankers from revealing details about the fortunes being deposited by European aristocrats. Switzerland soon became a tax haven for many of the world’s elites and its bankers nurtured a “duty of absolute silence” about their clients affairs.

The custom was enshrined in statute in 1934 with the introduction of Switzerland’s banking secrecy law, which criminalised the disclosure of client banking information to foreign authorities. Within decades, wealthy clients from all over the world were flocking to Swiss banks. Sometimes, that meant clients with something to hide.

One former Credit Suisse employee at the time alleges there was a deeply ingrained culture in Swiss banking of looking the other way when it came to problematic clients. “The bank’s compliance departments [were] masters of plausible deniability,” they told a reporter from the Organized Crime and Corruption Reporting Project, one of the coordinators of the Suisse secrets project. “Never write anything down that could expose an account that is non-compliant and never ask a question you do not want to know the answer to.”

The 2000s was also a decade in which foreign regulators and tax authorities became increasingly frustrated at their inability to penetrate the Swiss financial system. That changed in 2007, when the UBS banker Bradley Birkenfeld voluntarily approached US authorities with information about how the bank was helping thousands of wealthy Americans evade tax with secret accounts.

Birkenfeld was viewed as a traitor in Switzerland, where banking whistleblowers are often held in contempt. However, a wide-ranging US Senate investigation later uncovered the aggressive tactics used by UBS and Credit Suisse, the latter of which was found to have sent bankers to high-end events to recruit clients, courted a potential customer with free gold, and in one case even delivered sensitive bank statements hidden in the pages of a Sports Illustrated magazine.

The revelations sent shock waves through Switzerland’s financial sector and enraged the US, which pressured Switzerland into unilaterally disclosing which of its taxpayers had secret Swiss accounts from 2014. That same year, Switzerland reluctantly signed up to the international convention on the automatic exchange of banking Information.

By adopting the so-called common reporting standard (CRS) for sharing tax data, Switzerland in effect agreed that its banks would in the future exchange information about their clients with tax authorities in foreign countries. They started doing so in 2018.

Membership of the global exchange system is often cited by Switzerland’s banking industry as a turning point. “There is no longer Swiss bank client confidentiality for clients abroad,” the Swiss Bankers Association told the Guardian. “We are transparent, there is nothing to hide in Switzerland.”

Switzerland’s almost 90-year-old banking secrecy law, however, remains in force – and was recently broadened. The Tax Justice Network estimates that countries around the world collectively lose $21bn (£15.4bn) each year in tax revenues because of Switzerland. Many of those countries will be poorer nations that have not signed up to the CRS data exchange.

More than 90 countries, most of which are in the developing world, remain in the dark when their wealthy taxpayers hide their money in Swiss accounts.

This inequity in the system was cited by the whistleblower behind the leaked data, who said the CRS system “imposes a disproportionate financial and infrastructural burden on developing nations, perpetuating their exclusion from the system in the foreseeable future”.

“This situation enables corruption and starves developing countries of much-needed tax revenue. These countries are the ones that therefore suffer most from Switzerland’s reverse-Robin-Hood stunt,” they said.

“I am aware that having an offshore Swiss bank account does not necessarily imply tax evasion or any other financial crime,” they said. “However, it is likely that a significant number of these accounts were opened with the sole purpose of hiding their holder’s wealth from fiscal institutions and/or avoiding the payment of taxes on capital gains.”

The former governor of New York David A. Paterson, for example, said that he had trouble understanding where the criminality lay in the allegation that Mr. Silver accepted payments from law firms for referrals, including referrals by a doctor to whom Mr. Silver funneled state health research funds. Mr. Paterson said, “in the legal profession, people refer business all the time. And theoretically, as a speaker, you could do that as well.”

The structure of private campaign finance has essentially pre-corrupted our politicians, so that they can’t even recognize explicit bribery because it feels the same as what they do every day. When you spend a lifetime serving campaign donors, it may seem easy to serve them when they come with an outright bribe, because it doesn’t seem that different.

We should take this moment to pursue fundamental reform. We must reconstitute what it means to run for office and to serve in office. We need to ban outside income for elected officials. Transparency alone is not enough; it doesn’t solve the problem of creating outside dependencies. New York lawmakers can’t carry water for two masters when in office.

We should reject the private financing of campaigns as the only model. We need to provide enough public funding for campaigns so that anyone with a broad base of support can run for office, and respond effectively to attacks, without becoming dependent on private patrons. Running for office shouldn’t be a job defined by permanent begging at the feet of the wealthiest donors in the country.

Corruption is about greed and private interests put ahead of the public good. Whether influence is bought through a bribe, outside spending, outside income or campaign contributions, the public suffers in the same way.

At Georgetown, prosecutors say, 158 admissions slots a year are designated for athletic recruiting. The Jesuit university, with about 7,400 undergraduates, has more than 600 student-athletes in 29 varsity intercollegiate programs

Georgetown in recent years has sought to expand its share of students who come from families of modest means. But federal data show more than half pay full price for tuition, fees, room and board. This school year that totals about $70,000.

“The blatancy of the schemes suggests people involved knew universities weren’t paying proper attention and were easy to defraud in this way,” Hasnas said

After Mr. Trump’s impeachment for inciting his supporters before the deadly riot at the Capitol, and with Republican leaders turning on him, the pardon power remains one of the last and most likely outlets for quick unilateral action by an increasingly isolated, erratic president.

He has also discussed issuing pre-emptive pardons to his children, his son-in-law and senior adviser, Jared Kushner, and Mr. Giuliani.

He has paid Mr. Tolman at least $10,000 since late last year to lobby the White House and Congress for a pardon for his son Jeremy Hutchinson, a former Arkansas state lawmaker who pleaded guilty in 2019 to accepting bribes and tax fraud, according to a lobbying disclosure filed this month.

That system favors pardon seekers who have connections to Mr. Trump or his team, or who pay someone who does, said pardon lawyers who have worked for years through the Justice Department system.

“This kind of off-books influence peddling, special-privilege system denies consideration to the hundreds of ordinary people who have obediently lined up as required by Justice Department rules, and is a basic violation of the longstanding effort to make this process at least look fair,” said Margaret Love, who ran the Justice Department’s clemency process from 1990 until 1997 as the United States pardon attorney.

“The criminal justice system is badly broken, badly flawed,” said the former senator, Tim Hutchinson, a Republican who served in Congress from 1993 to 2003.

. Any explicit offers of payment to the president in return could be investigated as possible violations of bribery laws; no evidence has emerged that Mr. Trump was offered money in exchange for a pardon.

A filing this month revealed that Mr. Tolman was paid $22,500 by an Arizona man named Brian Anderson who had retained him in September to seek clemency for Ross Ulbricht, the Silk Road founder. Mr. Ulbricht was sentenced to life in prison in 2015 for engaging in a continuing criminal enterprise and distributing narcotics on the internet.

The former Trump campaign adviser, Karen Giorno, also had access to people around the president, having run Mr. Trump’s campaign in Florida during the 2016 primary and remaining on board as a senior political adviser during the general election.

Though the name was never publicly disclosed, Mr. Kiriakou was sentenced to 30 months in prison. In the meeting, at the Washington office of his lawyer, Mr. Kiriakou said he had been wronged by the government and was seeking a pardon so he could carry a handgun and receive his pension.

In July 2018, Ms. Giorno signed an agreement with Mr. Kiriakou, a copy of which was obtained by The New York Times, “to seek a full pardon from President Donald Trump of his conviction” for $50,000 and promised another $50,000 as a bonus if she secured a pardon.

“Law enforcement is not a choice,” he added. “This is not a matter of left or right. This is not a matter of politics.”

In striking parallels to President Trump’s characterizations of the investigations against him, Mr. Netanyahu has called the investigation a “witch hunt,” and his allies have called it the product of a “deep state” conspiracy against Mr. Netanyahu — though Mr. Netanyahu himself appointed many of the key law-enforcement officials investigating him

The three cases against Mr. Netanyahu all involve trading official favors.In the most serious, in which he was charged with accepting bribes, fraud and breach of trust, Mr. Netanyahu was accused of providing regulatory benefits worth hundreds of millions of dollars as a bribe to the parent company of Walla, a leading Israeli news website, for favorable coverage of the prime minister and his family, and rough treatment of his adversaries.

The court also ​ruled that Mr. Lee, a former ​executive of Hyundai, disguised his ownership of a lucrative auto parts maker under the names of relatives and embezzled 24 billion won from the company between 1995 and 2007.

The presidential pardon of Lee Kun-hee was criticized at the time as an example of how collusion between politics and business has often allowed top businessmen found guilty of serious white-collar crimes in South Korea to walk free with light punishment.

Almost all of South Korea’s former presidents, as well as many of its business tycoons, have been implicated in recurring corruption scandals

Mr. Lee​ won the presidency by promising to use his business skills to help rejuvenate the South Korean economy. But he was dogged by allegations of corruption before and after his election.

Some experts believe there is still far more to come, the result in Spain of a political structure that puts huge power in the hands of local officials. Many of them can grant procurement contracts or rezone land with little or no consultation.

experts say that the concentration of power in the hands of regional and municipal officials and their ties to the local savings banks created ideal conditions for corruption in the construction boom years.

“Over a lunch, they can decide that you are going to make 100 million euros,” around $131 million, said Manuel Villoria, a professor of political science at the University of Juan Carlos in Madrid, who is writing a report on Spanish corruption for the European Union. “So, they could ask for what they wanted. It often wasn’t for them. It was an apartment for a daughter or for a sister’s children.

Unlike in Greece, corruption is not a way of life in Spain. Most Spaniards go about their daily business without ever paying a bribe.

There are so many scandals that some newspapers have taken to organizing all but the biggest developments in a quick-list format, rather than writing whole articles.

Already there is talk of overhauling the country’s party financing and transparency laws, increasing sentences for corruption and strengthening the independence of auditors. At the same time, many experts say more needs to be done to bolster an underfinanced judicial system, which allows many corruption cases to go unresolved for years.

Mr. Baranov has not been charged with any crimes, and he has in the past been depicted as a whistle-blower who exposed cheating and corruption in track and field.

The investigation is part of the Department of Justice’s broader inquiry into doping schemes that have already led to penalties against scores of Russian athletes and officials.

Grigory Rodchenkov, the former longtime head of Russia’s antidoping laboratory, had told The Times that the Russian government ran an elaborate program to help the country’s athletes use banned, performance-enhancing drugs and go undetected.

three dozen Eastern Europeans disciplined in recent months, after retests of their urine samples from the 2008 and 2012 Summer Games.

United States law enforcement officials have focused on the agents behind those athletes, and the money they may have routed through American banks

Mr. Baranov told sports ethics investigators in 2014 that Ms. Shobukhova had been subjected to extortion and paid half a million dollars to top track and field officials to conceal her doping violations, enabling her to compete in the 2012 Olympics

The New York City Marathon spokesman said that no Russian athletes were registered to run on Sunday, in keeping with guidelines from global officials who have barred Russian athletes from competition.

This, I fear, will be the central challenge of mounting an effective opposition to Trump in the years ahead. Like Silvio Berlusconi, Trump has an uncanny instinct for setting off a “Pavlovian reaction among his leftist opponents,” as economist Luigi Zingales recently put it, which only strengthens him.

Calling out injustice always feels like the righteous thing to do. The uncomfortable question for Trump’s opponents in the years ahead now must be: How do we call out injustice, without unintentionally reinforcing it?

Sadly, and shockingly given where the U.S. used to stand in most rankings, few of the best practices foreign leaders want to emulate are any longer in the U.S.

Young Americans who see this country from different shores can't help but conclude that something is awry in a political culture that denies what they plainly see elsewhere: health care systems that provide better outcomes at lower cost and for everyone; better airports, faster trains, more extensive urban public transportation--and even, amazingly, better highways; more upward mobility (yes, the American dream is now more real in many other countries than it is here); more sustainable energy policies; elections that work more quickly and inexpensively, with more rational discourse and greater citizen participation. The list is long.

Consider some of the things that have fueled that American lantern of attraction for more than two centuries. Perhaps more than anything else, it has been the American Dream: the universal desire of all parents that their children will lead lives better than their own. This dream was given an American name, and not just in American dictionaries. But that dream is dying. And it can't be resuscitated if talented people sit on the political sidelines or don't attend the game at all. According to a recent Rasmussen poll, only 17 percent of Americans believe our national government possesses the consent of the governed. These numbers may not seem shocking, because they've been low for so long. But not always. In 1964, Pew found 77 percent of Americans expected their government to do "the right thing" most of the time.

One of the strongest indications of American democratic dysfunction is pervasive and expanding poverty. It is not just its existence in the richest country on earth that is shameful, but its utter absence from political discourse. Most of the poor don't vote; they have largely given up hope. And what national politician talks about poverty? Can you name any? America is moving toward the kind of bifurcated society we used to deride in banana republics--rich getting richer in gated communities, while the poor grow poorer, barely seen in segregated urban ghettos and hidden rural decay. Over 20 million Americans live in extreme poverty. One in 50 Americans' only income is food stamps. Add the poor and the near-poor--that is under $44K for a family of four--and you have more than 100 million people. The richest country in the world now has the highest rate of child poverty in the developed world. The U.S. has gone from being relatively egalitarian to one of the most unequal countries in the world.

hese are just a few signs that American government is broken. So why is it so broken? Let's consider the matter of money. When I left for Oxford in 1974, the total spent by all candidates for Congress, House and Senate, was $77 million. In 2010, it was $1.8 billion. Members of Congress spend up to 70 percent of their time raising money; that is their job; they become fundraisers far more than they are legislators. In that same year, 3 percent of retiring Congressmen became lobbyists. Now it's 50 percent of Senators, 42 percent of House members. Critics from the left and right and middle alike call our political finance system one of "legalized bribery."

“My real goal, though,” he added, “is to change just one government department and how it does business.” That is what happened in Bangalore, where Bhaskar Rao, the transport commissioner for the state of Karnataka, used the data collected on I Paid a Bribe to push through reforms in the motor vehicle department.

Mr. King said the sites also were likely to have a deterrent effect that was difficult to measure. “As the information because more public over time and awareness of such reporting grows,” he said, “I suspect those who might have been tempted to engage in this type of corruption are less likely to because the risk of being caught is much greater.”

The Koch brothers have put together a coalition that intends to spend almost $1 billion in 2016. Some donors complained after McCutcheon that they'd no longer be able to hide behind limits when they didn't want to give, but the overall landscape has clearly shifted toward those writing the checks.

Members of Congress get the shaft, too, spending up to 12 hours a day dialing for dollars. The simple drag of having to do all that seems like a potent reason for candidates to push back

even as it fails to rise to the top of most voters' agendas, majorities of Democrats, Republicans, and independents have voiced concern about the corrupting influence of money in polls, and the public generally supports spending caps.

The candidates who are doing best at fundraising, or for whom super PACs are likely to raise money effectively, are staying tactfully quiet on the issue.

she also called last week for a constitutional amendment to create limits or mandate transparency for campaign cash.

Peter Schweizer has excited the political world with allegations of quid pro quos, in which foreign governments gave to the Clinton Foundation and Hillary Clinton, then serving as secretary of state, did them favors—essentially alleging bribery in foreign affairs

Shadowy organizations funded by multimillionaires, many of which scrupulously cover up their sources of donations, are going to pour huge amounts of money into trying to sway the democratic process—all in an attempt to prove that huge, insufficiently transparent infusions of cash from wealthy donors can corrupt a public servant’s policy decisions. Is this irony lost on the donors and the candidates they back, or does it simply not bother them?

I was in Tahrir Square in Cairo for the fall of Hosni Mubarak, and one of the most striking things to me about that demonstration was how apolitical it was. When I talked to Egyptians, it was clear that what animated their protest, first and foremost, was not a quest for democracy — although that was surely a huge factor. It was a quest for “justice.” Many Egyptians were convinced that they lived in a deeply unjust society where the game had been rigged by the Mubarak family and its crony capitalists.

Our Congress today is a forum for legalized bribery. One consumer group using information from Opensecrets.org calculates that the financial services industry, including real estate, spent $2.3 billion on federal campaign contributions from 1990 to 2010, which was more than the health care, energy, defense, agriculture and transportation industries combined.

We need to focus on four reforms that don’t require new bureaucracies to implement. 1) If a bank is too big to fail, it is too big and needs to be broken up. We can’t risk another trillion-dollar bailout. 2) If your bank’s deposits are federally insured by U.S. taxpayers, you can’t do any proprietary trading with those deposits — period. 3) Derivatives have to be traded on transparent exchanges where we can see if another A.I.G. is building up enormous risk. 4) Finally, an idea from the blogosphere: U.S. congressmen should have to dress like Nascar drivers and wear the logos of all the banks, investment banks, insurance companies and real estate firms that they’re taking money from. The public needs to know.

Many think Mr Cunha could be next. His name has cropped up repeatedly in the context of the affair.

A charismatic populist, Mr Collor’s main sins were a failure to quash hyperinflation—and

tion—and

Brazil has been here before. In 1992 Fernando Collor, Brazil’s first directly elected president after two decades of military rule, was impeached over corruption two years into his term (he was subsequently cleared of the charges on a technicality). A charismatic populist, Mr Collor’s main sins were a failure to quash hyperinflation—and,

Ms Rousseff appears finally to have grasped that budgetary belt-tightening is the first step to recovery. But, like Mr Collor, she lacks the skill to negotiate Brasília’s fragmented political landscape.

And Ms Rousseff will no doubt be more adamant than ever that she is not stepping down of her own accord, as some in the opposition had been hoping. Responding calmly to Mr Cunha, she spoke of her “indignation”.

Sadly, the furore will divert Brazilian politicians’ already scattered attention away from fixing the country’s many problems, starting with the ballooning budget deficit. History may judge this to be Mr Cunha’s greatest sin.

Extramarital affairs have become more and more widespread and are no longer a cause for shame. It is commonplace for successful men to keep a mistress, or sometimes multiple mistresses – which people often jokingly compare to a teapot needing at least four or five cups to make a full tea set.

In China today, Buddhist temples are crowded with worshippers, while Taoist temples are largely deserted. A few years ago, I asked a Taoist abbot: “Taoism is native to China, so why is it not as popular as Buddhism, which came here from abroad?” His answer was short: “Buddhism has money and Taoism doesn’t.”

In recent years, for instance, many retired military veterans have gathered together across the country in protests against the stingy benefits and pensions they receive from the state. Back in the 1980s, they argue, veterans used to be more generously rewarded, relative to the cost of living. Today, even though China is richer, they receive little

the fierce economic competition that now characterises life in China. In numerous industries, it has become common practice to try to secure more business by pushing down prices as low as they can possibly go

The result of all this ferocious competition is that the profit margin keeps getting slimmer and slimmer, and those who suffer most are ordinary workers, who often see no increase in their salary even as their work hours are extended.

Someone reported to me an exchange he had had with one of Shanghai’s ultra-rich, a man who had relied on bribery and other underhand methods to transform himself from a pauper into a millionaire.

Even Chinese beggars have to keep up with the times: sometimes they too have a QR code handy, and they will ask passersby to scan it and use the mobile payment platform to dispense some spare change.

This novelty is all the more remarkable given that just 30 years ago, when Chinese people went on business trips, they would worry so much about their money being stolen that they would hide cash in their underpants, the safest place for it.

Urbanisation has created a lot of problems, one of them being what happens after farmers move to cities. Local governments have expropriated large swathes of agricultural land to enable an enormous urban expansion program

After their land and houses in the countryside are expropriated, farmers “move upstairs” into housing blocks that the local government has provided in compensation. In wealthy counties, some farmers may be awarded up to three or four apartments, in which case they will live in one and rent out the other two or three; others may receive a large cash settlement.

how do they adjust to city life? Now disconnected from the form of labour to which they were accustomed, what new jobs are there for them to do? Some drive taxis and some open little shops, but others just loaf around, playing mahjong all day, and others take to gambling and lose everything they have

Mao’s monthly salary, for example, was just 404.8 yuan, compared to my parents’ joint income of 120 yuan. There was only a small gap between rich and poor, and social inequalities were limited.

in the space of just a few years, Alibaba’s Alipay mobile app and Tencent’s WeChat Pay app have been loaded on to practically every smartphone in the country. From big shopping malls to little corner shops – any place where a transaction can be made will have the scannable QR codes for these two payment platforms displayed in a prominent location.

How he wished he could be one of those workers, he said, for though their work was hard and their pay was low, they didn’t have to live in a state of such high anxiety. Faced with the prospect of losing everything they have gained, such people find themselves wishing their spectacular career hadn’t happened at all, wishing they could reclaim the past.

let me try to capture the changing outlook of three generations of Chinese boys as a way of mapping in simple terms China’s trajectory over the years. If you asked these boys what to look for in life, I think you would hear very different answers. A boy growing up in the Cultural Revolution might well have said: “Revolution and struggle.” A boy growing up in the early 1990s, as economic reforms entered their second decade, might well have said: “Career and love.” Today’s boy might well say: “Money and girls.”