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I won't dispute that China has ongoing corruption, but to pin it on their lack of religion is a big call.
One thing that does stand out is that the least religious countries (Scandinavian for instance) also seem to have the highest ethical standards.
When it comes to the most religious countries it is hard to go beyond those in the Middle East that not only have few business scruples but commit human rights violations often on a par with countries like North Korea.
Outside the ME, two of the most corrupt countries (consistently topping the world list) are Thailand (predominantly Buddhist and regarded as extremely religious) and Indonesia (Muslim). Then we have Myanmar, another Buddhist country that has no qualms about allowing their Muslim minority to be slaughtered.
If you were to use Christianity as an argument, one thing that always struck me was that the countries that had the strongest adherence to, in this case, Catholicism, are often the most violent and corrupt within the "Christian" domain of countries. I'm referring to countries like Mexico, Colombia, Brazil, a few Latin American ones, Ireland and The Phillipines.
So the correlation of morals and scruples with religiosity is more likely to exist in the negative than the positive if the world as a whole is looked at, rather than a specific example of just one or two. It has being pointed out time and time again that countries that are becoming more secular are the ones exhibiting the higher moral and ethical standards. A good example is Ireland, which I listed above as historical having a high degree of violence. It is quickly becoming a good example of tolerance of human rights and non-violence. It was also listed recently as a country showing one of the highest declines in religiosity.
I think Ireland was violent because they don't like the British too much. That and it's Ireland with lots of Irish