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Alibaba breaks itself up in six

economist.com

281–290 of 321 posts

Re: Alibaba breaks itself up in six

#281

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Well, how about Boeing vs Airbus?

How is it even possible to establish a monopoly market with airplanes considering you can operate both at the same time? https://www.quora.com/Can-an-airline-have-both-Boeing-and-Ai...

The same way Huawei sells 5G equipment as Ericsson, Nokia, et al.

Re: Alibaba breaks itself up in six

#282
post #51

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Just checking my understanding: They prefer individual businesses not to get to big, monopolistic or dominant across multiple sectors, as this would give the business undue influence over politics? And of course they're operating on the idea that the political sphere governs the market and not that the biggest businesses should be the most powerful lobbiests. So this is an end to it because it effectively neuters the…

> this would give the business undue influence over politics? It's about power. From the article: > Communist authorities dislike the idea of anything, let alone a large private business, outshining the party. And the country’s leaders bristled at the high profile of Alibaba’s founder, Jack Ma, an icon of Chinese enterprise who every now and again dared question their decisions.

How are you definining the dfference between power and influence over politics?

Re: Alibaba breaks itself up in six

#283

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> One doesn't need to be clueless in order to lose a power struggle. But one has to be clueless in order to start a power struggle with Xi. He's not like the old school CCP head at all (not even Mao), he's much more of an all-powerful tyrant like Stalin was. Starting a power struggle against such a ruthless despot is clueless.

Are you suggesting that Xi is more of a tyrant than Mao?

In the “single person handling all power” sense, I'd say so at least for most of Mao's reign.

Political struggles where commonplace during most of the Mao era, and it wasn't until the end of his reign (in 1969, amidst the cultural revolution) that Mao came to gain complete power over the central committee. (And by that time, he had done most of its harm already)

Two of the most historically important event of the period even happened after Mao lost a power struggle and was trying to get back on his foot: the great march and the cultural revolution.

Re: Alibaba breaks itself up in six

#284

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There's a fine line between lack of emotional intelligence and simply not caring to placate others. The two are not the same. It is like calling someone an idiot because they won't do what you want and ignoring what they want. You have to admit that it may not be a priority for Elon to maintain his reputation with you in your 15 year old

There is a fine line, and he is clearly on the side of low emotional intelligence to anyone who does not also have low emotional intelligence

Based on what exactly? Are you sure you aren't confusing EQ with agreeableness, they are orthogonal. Hitler had extremely high EQ, but low agreeability

Re: Alibaba breaks itself up in six

#285

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[flagged]

Communism was a political and economic system. When stalin and hitler dipping their toes in faith/religion/belief it all went wrong and collapsed-in on itself. Ancient Rome had government and politics before religion. The last two thousand years had state religions at some points and the churches have their beliefs on governance, which they do internally and influence the world externally to some degree. They are sep…

> Ancient Rome had government and politics before religion.

Except that they deified many emperors and forced everyone to worship them - which was the main source of conflict with Christians.

Communism opposed religion because they were competing theories of inequality.

Re: Alibaba breaks itself up in six

#286

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Apple licensed it's MacOS back in the mid-90s to third-party hardware manufacturers. If it was forced to by the government, I imagine it could do so again.

It wasn’t forced to by the government. The CEO at the time thought it was a good idea.

Yes, we know. Please read my comment, it doesn't claim or imply Apple was under any government pressure back then.

Re: Alibaba breaks itself up in six

#287
post #148

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I'm not an expert on this, but from what I gather this all leads back to a power struggle between Jack Ma and Xi Jinping. Ma was ready to go public with AliPay and in the build up to it made a speech that criticised the government regulation as being out of date. This was viewed as a challenge to the governments power. Over the next few months the government moved to tighten regulations on companies like AliPay and d…

Wasn't there also something about Alibaba specifically working on a money lending scheme which circumvented banking regulations and which regulators feared would create vast amounts of unsecured debt and destabilize the economy?

Yes, the original argument was essentially sparked because AliPay was doing a bunch of lending that wasn't really compliant with regulations and there was some discussion about whether the regulators would step in before the IPO. That's what caused Ma's speech about how the regulations were out of date. Whether that concerns was legitimate? Who knows.

Re: Alibaba breaks itself up in six

#288

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Americans tend to equate wealth with ability and set aside luck, everyone is a temporarily embarrassed millionaire. Musk certainly used to have decent business accuumin - he hit it big several times, that’s not just luck. From all accounts he’s a half decent engineer too, which is rare in many CEO levels. However his behaviour over the last 3 years has been very surprising. He seems to be less interested in the tech…

> he hit it big several times, that’s not just luck. The odds of any given entrepreneur getting lucky several times in a row is very small. Given a large enough entrepreneurs, the odds of one of them getting lucky several times in a row gets very large. We just don't see all the ones who tried and failed, or succeeded once or twice and fizzled out. I don't doubt that Musk has some skills and appropriate personality t…

I think that’s fair, but PayPal, spacex and Tesla are all successes, and all had a lot of musk in them.

That either seems extreme luck or there’s something else

Re: Alibaba breaks itself up in six

#289
post #271
post #261

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Missing option (3). Jack Ma, prominent billionaire, was surrounded by kiss-asses for the past 5-10 years. In doing so, he developed a distorted sense of his own intelligence/power/allies which caused him to make a calculation about the current state of Chinese politics and power that is obviously false to an outside observer. See also, Twitter is was not worth $44 billion in 2022. Missing option (4). If you have bill…

Except that Musk's Twitter in no way supports freedom of speech. For a while he banned any mention of Mastodon, or the ElonJet account, and he's banned a whole slew of antifascist accounts and journalists who report on the far right (he will claim that it's because they violated rules, but in each case it seems it was a new rule: journalism he doesn't like is "doxxing": reporting on who did what). So sure, it looks l…

It’s worth noting that Elon unbanned a whole slew of accounts that had been silenced simply for disagreeing with what happen to be your political priorities. Who has Elon banned for their politics? Being banned for tweeting Andy Ngo’s current home address is very different from being banned for saying that COVID-19 likely originated in a laboratory.

Re: Alibaba breaks itself up in six

#290

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There is a fine line, and he is clearly on the side of low emotional intelligence to anyone who does not also have low emotional intelligence

Based on what exactly? Are you sure you aren't confusing EQ with agreeableness, they are orthogonal. Hitler had extremely high EQ, but low agreeability

The fact that you have any doubt about this says a lot about your own intelligence.

I'm not interested in chatting with the Weird Nerd defending Elon Musk from Valid Criticism.

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