Shhh! You are ruining his narrative.
Obviously when Xi started talking about "common prosperity", Meituan discovered a time machine, went back in time and retroactively changed its genes.
Masterstroke
Chinese Economics Thread
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Obviously when Xi started talking about "common prosperity", Meituan discovered a time machine, went back in time and retroactively changed its genes.
Masterstroke
The only issue here is killing the incentives. Ultimately, men (and women) are selfish beings seeking material and egotistic advantages. I am just not too sure if human beings could ever become true communists due to human beings' selfish nature. Therefore, if it is one thing to Xi to demand corporate CEOs to pay higher taxes. It is another (and more difficult) issue to demand citizens to sacrifice for the greater goods without significant compensations in return. That's Xi's dilemma.
That seems to me to be yesterday's Chinese Communist Party. Yesterday's CCP still had some doctrinaire leanings.
Today's Chinese Communist Party is all about application. What kind of theory they are trying to apply at the moment, I do not think it is even considered, of where it came from. What matters is what is practical.
It isn't about communism. It is about monopolies. It is about inequalities. When companies don't innovate but trying to squeeze every pennies out of workers(996) or customers(using advertising, algorithm and social pressures to entice distorted spending habits such as tutors, video games, idol) is not sustainable and healthy.
Crackdown on monopolies, Major companies such as Tencent and Alibaba increase their R&D rather than decrease which is expected from some experts, these companies increase their budget in R&D because they no longer can make easy money and need new innovation and new ideas to make money.
Just a few days ago, major couriers in China raise the fee of delivery by 0.10 yuan per package and that money would go to the delivery guys which would see their incomes to increase by 700 yuan to 1000 yuan. That's a significant amount of monies and would go a long way to compensate these workers as they are underpaid.
Ruling against 996 which is long overdue. Overtime finally would be compensated.
Video games crackdown, Both Tencent and netease move aggressively to acquire more content developers and expand oversea.
Tutors crackdown, parents no longer would be forced to pay hundreds of thousands yuan per year to send their kids for tutoring.
Cracking down on video games, and then force Tencent, the king of video games, to invest more on what? This is ironic.
Cracking down on Ant financial, and then force alibaba, a dominant retail platform, to invest more on what?
All companies invest more to be even more dominant, e.g. Amazon, Apple and Microsoft.
Xi is the second coming of Christ... best thing to happen to humankind ever
I believe 100% in him