The problem is that the rate of profit is near zero everywhere in the world besides China.
Foreign investors can not pull out of China for ideological reasons, doing so would immediately cause a crisis in profitability.
yea i'm inclined to believe none of this is happening and i'm also pretty sure jack ma will show up fine
i do believe the CPC wants to transition, but it's such a tense point in time (especially geopolitically) to start sending these signs to the national bourgeoisie and foreign capitalists too
that said it's not like things are gonna get any easier in the coming decades lol
"Meanwhile, sources have said the development is a proof of China's resolve to nationalize Alibaba. Song Qing, Internet finance industry insider, said the investigation is part of CCP plans to nationalize both Ant Group and Alibaba. "There will definitely be an outcome, now that they have started the investigation ... This is probably coming from the highest levels," he told Radio Free Asia."
Let's wait for a source that doesn't rely on US sponsored propaganda outlets trying to feed the rightwing hysteria.
hmm this reads like either a poorly explained communist bit, or a capitalist take
oh derp yea
I took it as a redistribution of something like land, rather than of the actual fiat wealth which is not permanently backed by anything
Idk how to tell Reddit l*bs that I don’t give a fuck about billionaires, let alone one guy in China.
