Chinese Economics Thread

NiuBiDaRen

Brigadier
Registered Member

Why China Turned Against Jack Ma​

The Alibaba chief paid for pushing back against Beijing. But the shift in attitude also speaks to a growing wealth gap and diminished opportunities for the young
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NiuBiDaRen

Brigadier
Registered Member
Hi Crang,

Two words REGULATORY CAPTURE. China or the CCP will never allowed themselves to be dictated or influences by BIG BUSINESS.
New York Times is feeling overtime for the diminished opportunities of youth
The very real concern is that ordinary workers are left out of the economic growth story. That's why the CCP needs to rein in wealth inequality. Hell, China has hundreds of millions of workers to take care of, which is a number no other country except India has to deal with. That's a herculean task. It really isn't easy to bring 1 billion people into high income. Can't allow USA style capitalism where rich people feed on the poor
 

Nobonita Barua

Senior Member
Registered Member
The very real concern is that ordinary workers are left out of the economic growth story. That's why the CCP needs to rein in wealth inequality. Hell, China has hundreds of millions of workers to take care of, which is a number no other country except India has to deal with. That's a herculean task. It really isn't easy to bring 1 billion people into high income. Can't allow USA style capitalism where rich people feed on the poor
Something I've saying all the time. Until a country can make sure every people's 5 basic fundamental rights are met, millionaires & billionaires are curse for that country. It creates gigantic inequality problem. The ones getting richer through e-commerce are huge national security threat because of their loyalty to cheap money & these so called elites will change sides before blinking .

Saying that, I find it utterly funny NYT feeling for opportunitiesof youth somewhere else
 

localizer

Colonel
Registered Member
CCP are the rich and rich will do what it takes to stay rich and get richer.

Alibaba and all these companies only got rich because the CCP let them. Jiang zemin was instrumental in the rise of Alibaba.

As Xi said, grow the pie. Even he acknowledges the issue with destroying what’s already built.


The correct way forward is to remove privileges for these large companies. Like how when Amazon didn’t pay sales tax for years, but they added taxes too late. CCP should take swift action to remove alibaba’s state influences.



Lil uppity gremlin Jack Ma wouldn’t have become shit without the CCP in the beginning
 
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