It’s been pointed out that I never wrote a post about Sheldon Adelson, the man who combines massive Macanese casino interests with insane levels of financial support for the Romney campaign.
Let’s follow some money. Out in dogdick county, Yunnan, Farmer Zhao is pleased with his sorghum harvest. Despite the rumoured crackdown on official hospitality, the top end baijiu makers are still paying well for the main fuel supply of official banqueting and significant component in the favour economy through which minor officials give little gifts to their superiors, and therefore rise.
Farmer Zhao is especially pleased since he now has the wherewithal to pay the mysterious service charges that have been applied to various necessities of daily life by official Li, who has a budget hole to cover up. Official Li is also pleased: he has amassed a war chest that can pay for various favours for Senior Official Du which enable Du, in over the course of time, to buy a promotion from Boss Wang.
Boss Wang didn’t get where he is today by being dumb enough just to stuff his bank account. He sends the money to an intermediary who converts it into chips for Boss Wang to pick up when he takes his fellow bosses for a jaunt down to Macau. They duly lose their shirts and go home to recoup.
Some of the money lost in his casinos is in due course rebundled into a superpac by Putocrat Adelson, where it is pooled into funds intended to secure the election of Candidate Romney and others of his Party. Candidate Romney promises to name China a ‘currency manipulator’ on ‘Day One’ of his presidency, though he doesn’t mean it in this this sense. The money is duly spent on Strategist Smith, Pollster Jones, and advertising executive Bowtie. Candidate Romney loses, but Plutocrat Adelson is unfazed. One way or another, there will always be other Farmer Zhaos.