How to be a Godfather (Part 2)

By Joe Studwell. 330 pages. Published by Profile Books, London

(Read part 1 of this story here.)

Yesterday, we presented the first of two excerpts from “Asian Godfathers”, a unique book on the role of monopolies and crony capitalism in East Asia written by Joe Studwell, editor of the China Economic Quarterly. Here is the second. Much, mostly hagiographic, has been written about the fabulously wealthy group of mostly…