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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

#161

Post by cbozeman »

oh_sigh wrote: post #74
klmadfejno wrote: post #58

Earlier quoted context omitted.

> We in America are much too obsessed with "one great man" theories of history. I also think we are inclined to underestimate the competency of Chinese governmental figures, which is structured very differently from the West. Eh... Do I think Bezos is a visionary responsible for all of Amazon's success? No. But culture comes from the top. There's a lot of ways to run a company poorly, especially if it's doing somethi…

People thought the same thing about apple when Jobs died but it's up 900% in the 9 years since his death

Stock prices being up is a function of zero / near-zero percent interest rates and the injection of enormous amounts of capital into the system from the Fed just printing, literally, trillions of dollars.

Capital has very few "good" places to be allocated at the moment - really for the past decade or so - and COVID-19 put everything into hyperdrive for the tech sector.

Economics Explained on YouTube has a good video about this.

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

#162

Post by whimsicalism »

AnimalMuppet wrote: post #149
whimsicalism wrote: post #20

Earlier quoted context omitted.

> 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. We in America are much too obsessed with "one great man" theories of history. I also think we are inclined to underestimate the competency of Chinese governmental figures, which is structured very differently from the West. > that could be par…

> We in America are much too obsessed with "one great man" theories of history. Seems to me that China also has this theory at the moment, with Xi.

Cross-cultural cognitive biases (:

I think they still have catch up to play with us, but I'm sure will be there soon enough.

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

#163

Post by fakedang »

echelon wrote: post #108
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…

> 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.

Most of the Middle East, Africa (up until their debts had to be collected), Indian nationalists (up until the incursions in Kashmir), Singapore, Duterte. Heck, Europe just signed a trade deal with China with full knowledge of the Uighur camps and the HK protests, while on the other side extolling vacuously about democratic ideals in Sub-Saharan or war ridden failed states.

If people counter me and reiterate stating that the EU deal is going to miraculously discipline China somewhat, boy do I have a bridge to sell to you. Maybe some gutter oil to go along with it too.

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

#164

Post by onetimemanytime »

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…

Ma: Thank god I bought a gazillion overpriced penthouses in London and USA--if he did. Now, if only I could get out

That's why the superich in these countries buy any asset they can in countries like USA and EU. 20 billion is funny money and can disappear...might as well have plan B, C and D ready

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

#165

Post by mullingitover »

echelon wrote: post #108
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…

> 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?

Probably people who have some axe to grind about poverty.

China's rate of extreme poverty from 1990-2016 declined from 66% to 0.7%

During that time the US rate of extreme poverty more than doubled, from .5% to 1.2%

https://ourworldindata.org/grapher/share-of-population-livin...

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

#166

Post by hungryhobo »

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…

I'm sorry but Guo wen Gui is not a credible source. His past claims have repeatedly been debunked.

Not to mention his deep ties with Steve bannon

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

#168

Post by whimsicalism »

cbozeman wrote: post #161
oh_sigh wrote: post #74

Earlier quoted context omitted.

People thought the same thing about apple when Jobs died but it's up 900% in the 9 years since his death

Stock prices being up is a function of zero / near-zero percent interest rates and the injection of enormous amounts of capital into the system from the Fed just printing, literally, trillions of dollars. Capital has very few "good" places to be allocated at the moment - really for the past decade or so - and COVID-19 put everything into hyperdrive for the tech sector. Economics Explained on YouTube has a good video…

Apple's relative stock price has increased, so the general increase of equity prices doesn't explain this.

Low interest rates means that people will search for yields elsewhere, it doesn't intrinsically mean they would settle on Apple outside of solid management.

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

#169

Post by jonathannat »

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…

The era of CCP economic rise is over. Middle income trap and aging demographics dictate as much. CCP will now have to contend with

- internal turmoil

- political infighting

- encirclement by democracies (India, Japan, Australia, US, UK, Canada, France, South Korea, Taiwan). Once Merkel is out in sept 2021, Germany will be onboard

- negative sentiment from most of population in the world due to covid

- exploding debt/bankruptcies

- lack of efficient feedback loops to self correct, as dictatorship has little of that. Thus Jack Ma is no more.

If you have a foreign commercial presence in China, expect

- kidnapping of executives (for layoffs, unpaid bills)

- no delivery for paid merchandises

- seizure of molds/machines/factories (nationalization)

- seizure of tangible assets (nationalization)

- trademark/copyrights given to Chinese entities

with no recourses.

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

#170

Post by mhh__ »

hungryhobo wrote: post #156

Honestly can we not post stuff from radio free Asia on hacker News, this isn't Reddit

When appraising something from a propaganda-y source, the rule of thumb I use is to treat it like selling sausages - if they're your sausages, you don't go into detail, but if they're your competitors sausages and you know they're full of sawdust then you don't need to make anything up.

Also "this isn't Reddit" is just delusions of grandeur, HN commenters are self-selected around technology for the most part not politics.

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