This is an extremely good summary of the recent Chinese policies. Honestly, without any of the usual fearmongering bullshit of NYT and WaPo.
Beneficiaries: stretched workers. Losers: tech billionaires
Interests of venture capital, private equity or stock investors conflict with long-term development plan.
Investors lamented. Parents welcomed.
The downside for investors is that a bigger slice of the pie for workers like Mr. Tang has to come at the expense of the owners of capital.
Etc etc
Lol do they realize what they're saying
God I wish my government had such things as „long-term plans“
The US currently has a long-term plan to round up climate refugees and put them in concentration camps.
And commies say capitalists can't plan things.
articles like this are not for mass consumption, this stuff is for and by business insiders
This article is fantastic. They basically admit that policies for the common good may upset business interests.
I find financial journalism refreshing in the way that they are beyond the need to justify their ideology all the time and actually do material analysis.
Yeah, that's a good way of putting it.
Reminds me of Hillary's "seize the means of production" clip. They know that their ideological rhetoric is just a tool to further their material interests rather than something they actually believe in.
Pog. Aside from the part where they describe the CPC as running on prison logic and the ritualistic whining about Xinjiang.
:deng-salute: I salute the brave work of comrade Xi in his struggle against capital. things like this show that the PRC is still a dictatorship of the proletariat, they are hostile to capital and are using market forces to build socialism. despite being a Marxist Leninist, I've always been very critical on the critical support side of using markets and foreign capital to build productive forces and think Deng went too far with allowing capitalism into China, but Xi has very much asserted the roll of the party and of the state of being in opposition to capital
Tonight one night only: see Xi lay the smackdown on Capitalism in cage match at Geneva, available on PPV.
Capitalism - Competition = Exploitation
- + Competition + Competition
Capitalism = Exploitation + Competition
A lot of the vocabulary decisions here really makes it seem like Bloomberg hasn't moved past the Childlike Races phase of China-watching
Archive link for those that don't want to go to the Bloomberg site or those who got hit with a paywall:
https://archive.ph/Lw3Lm
