The relations between politics and business are manifested through four different forms: cronyism, corruption, nepotism, and a general guanxi network founded in the Confucian social context. The author inquires whether there exists a set of codes that separate ethical and unethical practices of political connection. Historical surveys of Taiwan and empirical economic research elsewhere find that political connection is not intrinsically corrupt but is susceptible to degradation into corruption. The cure lies, according to this analysis, in the revival of public and business ethics.