China Seeks to Buy Control of Hong Kong Companies
bloomberg.com
China Seeks to Buy Control of Hong Kong Companies
1–10 of 63 posts
Re: China Seeks to Buy Control of Hong Kong Companies
#2Thats is the obvious move. Can't beat them into submission? Buy them.
Re: China Seeks to Buy Control of Hong Kong Companies
#3really like what china's doing here. people can say what they want against a government but what's really scary is losing your job.
corporate fascism is of course not original: another stolen idea from america
Re: China Seeks to Buy Control of Hong Kong Companies
#4Also:
https://www.msn.com/en-us/money/news/china-seeks-to-buy-cont...
That seems pretty smart to me. If your two choices are either assimilation or to make a separate state (with separate laws, etc.) out of your 8th or so largest city, I can see doing this.
Obviously, both sides will alter each other with the largest one doing most of the altering.
Re: China Seeks to Buy Control of Hong Kong Companies
#5A significant number of the seats in Hong Kong government are voted/belong to "industry/corporations", and these have been able to decide the Government recently. China buying control of the corporations will further subvert the democracy.
Re: China Seeks to Buy Control of Hong Kong Companies
#6The obvious response is going to be boycotts of those companies.
Re: China Seeks to Buy Control of Hong Kong Companies
#7“Ok, now let’s go find each of the protesters that work here and tell them they no longer have a job!”
Re: China Seeks to Buy Control of Hong Kong Companies
#8A significant number of the seats in Hong Kong government are voted/belong to "industry/corporations", and these have been able to decide the Government recently. China buying control of the corporations will further subvert the democracy.
Sounds like their cup didn't runneth over with democracy even beforehand... that's bizarre. Like a modern House of Lords that just leans into giving corps a seat in government...
Re: China Seeks to Buy Control of Hong Kong Companies
#9A significant number of the seats in Hong Kong government are voted/belong to "industry/corporations", and these have been able to decide the Government recently. China buying control of the corporations will further subvert the democracy.
Sounds like their cup didn't runneth over with democracy even beforehand... that's bizarre. Like a modern House of Lords that just leans into giving corps a seat in government...
https://en.wikipedia.org/wiki/Functional_constituency_(Hong_...
"Pro-democracy supporters criticise the functional constituency system for giving a minority too much power and influence. The right of corporations and legal entities to vote is also controversial, as it gives some individuals multiple votes. For example, in 1998, Sino Group chairman Robert Ng and companies he controlled held roughly 3-4% of the votes in the real estate constituency, according to an analysis by the Hong Kong Human Rights Monitor; they described this as being equivalent in voting power to 15,940 people in a geographical constituency.[5][6]
In some functional constituencies, the entire body of eligible voters comprises legal entities that are not natural persons. This is known as corporate voting."
Re: China Seeks to Buy Control of Hong Kong Companies
#10It's spooky to see this going on. I can only hope that this is resisted by those companies and the people sufficiently enough to limit the damage this could do.