Going well beyond curbing tech giants, he wants the Communist party to steer flows of money and set tighter limits on profit making, his speeches show and officials say. More turbulence for foreign businesses is likely.

:xi-clap: China haters aren't going to be able to cope

Archive: https://archive.is/2021.09.20-203459/https://www.wsj.com/articles/xi-jinping-aims-to-rein-in-chinese-capitalism-hew-to-maos-socialist-vision-11632150725?mod=flipboard

    • LeninWeave [none/use name]
      ·
      3 years ago

      “titoism was bad”

      I gotta say, not a take I see super often. Taking loans from the IMF is bad, though, but to my understanding that was mostly after Tito's time.

      • cokedupchavez [none/use name]
        ·
        3 years ago

        market socialism inevitably causes a debt crisis. distributing shares means loss of capital which means deficit and borrowing. unless you'd argue that everybody will be diligently saving surplus which is a tragedy of the commons delusions about as realistic as governments steering us under the climate goals

        • bananon [he/him]
          ·
          3 years ago

          :kermit-pain: imma be real with you chief. I don’t know what the fuck Tito believed in, but he threw fascists in the Cuck Pit so he’s A-OK with me :big-cool:

        • LeninWeave [none/use name]
          ·
          3 years ago

          I gotta be honest, I'm not familiar with the specifics of Tito's time, so I'm not qualified to comment much. I was just pointing out that it's not like people are running around ripping on Tito, and those same people all turn around to post stuff like this.

          Also, based on my limited understanding of Yugoslavia, it didn't have all that much in common with modern China.