The head of China’s insurance regulator is being investigated for suspected disciplinary violations, the country’s top anti-graft body said Sunday, bringing the most senior financial regulator to date into the government’s fight against corruption.
To wash away corruption that has flourished for thousands of years and remove China’s national humiliation, the only cure is democracy and the rule of law. These two are the natural enemies of despotism and corruption, and democracy with its tools of separation of powers and checks and balances are sorely needed. The heads of legislative, executive, judicial and procuratorial branches at all levels should be elected in alternating years and 1/4 of all lawmakers should face election each year. For more, see the Charter for Permanent Peace and Development.