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China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

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Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#131

Post by jjcc »

f430 wrote: post #95

Guo Wengui said back in September 2019 that "Jack Ma would be jailed or killed" on Kyle Bass's youtube channel. [1] At this point its not even a question of whether we will see Jack Ma in public again. Overnight he went from billionaire to peasantry. We've seen dozen cases like this: 1) Billionaire disappears or is "killed" 2) Billionaire's company becomes nationalized 3) Rinse & Repeat Everybody who isn't familiar w…

Here's Youtube Channel of Guo Wengui. Target audience is not mainly English speaker though.

https://www.youtube.com/channel/UCO3pO3ykAUybrjv3RBbXEHw/vid...

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#132

Post by threatofrain »

jonplackett wrote: post #46
cbozeman wrote: post #14

Earlier quoted context omitted.

> Did Jack Ma think he was going to tell the CCP how it is? Yes, I did actually. There's every reason to believe that the people installed to run Alibaba / Ant after Jack gets sent off to "re-education camp" will be unable to propel it to further heights. Stagnation is likely as good as it'll get and there's every reason to believe it'll be run into the ground eventually. I see Jack Ma as a sort of Chinese Elon Musk…

I saw a discussion a while back between Musk and Ma. I think you do a disservice to Musk to compare them. He really didn't seem able to keep up.

There’s a lot of reason why Jack Ma might not want to say anything interesting, esp with asymmetrical stakes where for Elon this is just fun banter and brand building, but missteps by Jack Ma could be severe.

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#133

Post by liuliu »

This is a serious misunderstanding of what the means and ways at CCP's disposal. Nationalization or taking controlling share of a company is a very Western view and would not happen to Baba. I wrote a few days ago about what would likely to happen to Baba: https://drz.today/2020/baba-is-not-the-next-khodorkovsky/. Only time would tell of course.

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#134

Post by idrios »

The CCP is caught in its own version of purgatory through paranoia. When the great famine happened under Mao, it was because Mao had surrounded himself by yes-men who were competing to be the most loyal. When the famine hit, the provinces all reported better yields than actual, collectivism happened based on reported and not actual yield, and millions of farmers starved.

His successor, Deng Xiaoping started a lot of really great reforms, including term limits on leadership and granting Shenzhen & some other cities special/experimental economic status, to basically run autonomously as capitalist.

Several decades later, paranoia is too strong. Xi Jinping removed term limits because he doesn't trust others to run the country better than him. The One China policy has killed a number of vibrant cultures including those of Tibet, Hong Kong, and the Uyghurs. A social credit system is being implemented. Now Alibaba is being nationalized.

These issues will likely only get worse, until another great famine event.

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#136

Post by YarickR2 »

reaperducer wrote: post #67
thewarrior wrote: post #30

Earlier quoted context omitted.

Radio free Asia has deep ties to US agencies. It isn’t really a credible source.

Radio free Asia has deep ties to US agencies. "Deep ties to US agencies" is sensationalizing the facts. It's part of the United States government, and nobody has ever tried to keep that secret. Not RFA, not the U.S. Government. Nobody. "Deep ties" makes it seem like it's trying to be covert. It's not. It isn’t really a credible source. It's one of the more credible sources of news in Asia. Especially for more authori…

As a former Soviet Union citizen I could say putting any organization on the same level as Radio Free Europe, or Voice of America, is the greatest shame for any news source. Those government funded mouthpieces serve one function, and one function only - to discredit ruling party, and sow dissent and discord. Gloves are off.

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#137

Post by baybal2 »

10 years ago, nobody would've believed me if I were to say China will slide back into mass nationalisation, let alone nationalising something like an Internet company.

The real hardcore bolshevik style communists have clawed their way back into power.

They are back. I'm very well convinced now that Chinese nouveaux riche class, and foreign capital in China are living on a leased time.

The country is on its way back to seventies, irreversably now.

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#138

Post by asdfasgasdgasdg »

whimsicalism wrote: post #80
asdfasgasdgasdg wrote: post #66

Earlier quoted context omitted.

Our government has the ability to do the same in the US. What's lacking is not ability. It's lawfulness and a consensus of what the goal should be. In China there is little need for lawfulness and certainly much less need than in the U.S. for consensus.

I think you have a more constrained view of what is contained within the word " ability " than I do. The problem with the US is that the class interests of those whose consensus is important in lawmaking is aligned with the interests of the ultra-wealthy. Nor do I buy into the mythos that "lawfulness" is something universally applied in the United States. Laws, procedure, delay always play a large part when the inter…

Lawfulness can most often be found in the U.S. where both sides have vigorous legal representation. There are still miscarriages of justice in those cases, but it is not the norm. Of course, big corporations always have vigorous legal representation, so lawfulness is basically a given when it comes to legal disagreements between them and the government.

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#139

Post by jihadjihad »

rootsudo wrote: post #4

Wow. This, alongside Jack Ma being "missing", is really curious. https://au.finance.yahoo.com/news/jack-ma-missing-232138645.... Best, semi-legit source I can find, there's other news postings, but from more tabloid and sources that aren't as sincere as Yahoo Financial News. Which, itself is curious, because CNBC spins it differently: " https://www.cnbc.com/2021/01/05/alibaba-founder-jack-ma-is-l... " Which also fall…

Here is a writeup about Ma being missing from a couple of days ago, from NPR:

https://www.npr.org/2021/01/08/954046428/alibaba-founder-jac...

Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report

#140

Post by emteycz »

marcinzm wrote: post #117
echelon wrote: post #108

Earlier quoted context omitted.

> As much as people in the West praise CCP's economic rise Who is praising the CCP's economic rise? The American consensus as far as I can tell is that we need to shut them out and push them into decline. The West should brain drain the best and brightest from China.

>Who is praising the CCP's economic rise? A majority of Americans until relatively recently? China was seen favorably by most Americans until the last decade. An economic world power that we should strengthen relations with if polls are to be believed. For example: https://www.pewresearch.org/global/2020/10/06/unfavorable-vi...

It was a very different country 10 years ago. It was comparable to the EU (I lived in both).
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