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…
He is just lying low. He is not missing. https://www.msn.com/en-us/money/markets/alibaba-founder-jack...
China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
321–330 of 371 posts
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#322Earlier quoted context omitted.
Misunderstanding about the inner workings of China isn't the CCP's fault, at least not at this level. The discourse about China, misunderstandings about how the Chinese systems functions, and lack of even a basic interest in getting a realistic view of China are rampant. The average view of China in the US is so cartoonish it's quite ridiculous. If you talk to an educated, middle-class Chinese audience about the US p…
Serious question: How does one get educated about modern China? (I'm Chinese but mostly Western educated) Having seen my grandparents/parents/relatives escaping communist China and now my generation escaping HK, it has heavily influenced me on how even people who identified as Chinese and hoping for democracy and freedom for their own cousins in China are being played and lied to for multiple decades. My people in HK…
China is basically another planet that also happens to be located on Earth. That's a good analogy I think. The CCP is the current planetary govt. If you are the government of Mar's you wouldn't really care much about happens on Earth would you? (I.E. the rest of the world).
Relations in China are the ultimate expression of realism. Politics is power politics, authority resides in he who controls the guns. The branches of government that matter are intelligence, military and security. Because at the end of the day, the only force is coercive force. This isn't particularly new or fascinating as it's been true throughout Chinese history. The rules of international politics applies to domestic politics in China. I.E. the law of the jungle. It's a very old political culture so I imagine a lot of methods were tried and ultimately centralized authority backed by a strong army came out as the most efficient way to unify and govern the land. The governing method of China has and always has been for the last 2000 years some variation of Legalism. Dress it up as communism or socialism with Chinese Characteristics or any other neologism but Legalism has always ruled the land in an unified China.
I don't think the west is kowtowing to China, the western elites just recognize the balance of power has shifted in China's favour and have started to accept the "facts of the ground" so to speak, but they have not communicated this in any coherent way to their domestic population which continue to cling onto the pretence of the economic and political superiority of the western bloc, hence the dissonance between what is preached and what is actioned.
As for the article I don't put too much stock (no pun intended) in it, mostly because I follow BABA stock quite closely and while it has lost a lot of value recently, news like this should really cause big moves if it is true. I could be wrong and maybe in a month's time we will all be nursing big losses from the rug being pulled from underneath us. But as it stands this has not been picked up any major newswire as far as I know (FT, WSJ, Bloomberg) so I am holding my positions, not shorting or placing puts. Money talks, bullshit walks.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#323Earlier quoted context omitted.
> China economically overtaking the US are overblown. They never really stood a chance. Militarily, economically, socially, culturally and spiritually they offer no better alternative to the American one. Similar to how "China owns US treasuries and can crash the US dollar" was the common trope until recently, the US called them out the trillion dollar loan to Qing dynasty which was transferred from KMT to CCP after…
I used to think that way, but demographics seem to favor China growth for much more people for longer than US and Europe. Seems that will drive growth quite a bit.
Unless they come up with robots or start opening up immigration (which will be a hard sell), you are going to have old single men competing for whatever economic avenues they can find. Single men living in dense urban zones in poverty is guarantee for unrest. ex) Syria
PRC is Qing Dynasty 2.0 and it will be divided up by foreign powers when its weak. Sort of like how NATO & EU prevents Russia from retaking its former satellites permanently and this is exactly why Putin is in Crimea, Georgia, and now Latvia (massive open terrain allows fast ground, air invasion of Moscow and this has always been the central core of Russia both past and the present security policy).
This time, it will not be allowed to unify. The West, China's neighbors who are after its loot, will simply allow all 55 minorities to declare independence, and massive civil war is a real possibility between competing regions.
If you understand China, they are forced to follow Beijing. People from South are more westernized and business minded. The southern coastal provinces are best poised for economic recovery and could be the favored state.
When the smoke clears, a unified Korea is in the best position to take over because of its soft power in the region.
Nobody forced people to become America, people put it on themselves to become American. This is the power of culture and China simply played its hands too early and were caught stealing chips. Figuratively and literally
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#324Earlier quoted context omitted.
Misunderstanding about the inner workings of China isn't the CCP's fault, at least not at this level. The discourse about China, misunderstandings about how the Chinese systems functions, and lack of even a basic interest in getting a realistic view of China are rampant. The average view of China in the US is so cartoonish it's quite ridiculous. If you talk to an educated, middle-class Chinese audience about the US p…
Hmmm... I'd agree that many people in the west don't have much of an idea how China or the CCP work. Calling them communist is pretty hilarious even if the word is in their name. The country has grown into it's own new empire much more like those of old, I think shaped by the expectations and education of its people. I'd also agree that because many of China's educated upper class (political and economic) have been s…
Why? China was clearly a communist project, and this is what they became. Why is the end result we see in reality less valid than the theory?
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#325Earlier 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…
>(he could literally just liquidate a portion of his wealth and have someone else elected in your place through campaign contribution) That's a HUGE over exaggeration. Yes money matters, but only so much and it very much matters where that funding comes from. That's why McConnell still has a job despite his opponent spending three times as much. People knew that money was coming from outsiders trying to unseat him. B…
Sure, money can't do the impossible, but if you only need a few percentage points it's pretty likely to help
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#326Earlier quoted context omitted.
That is essentially the thesis of American foreign policy in Asia since the 1980s. The results have been mixed; yes, they have a huge, prosperous middle class now, yet the government remains about as authoritarian as it ever was. Now, with technology, in fact things are getting worse. Everyone is required to have a cell phone, everyone is spied upon, a "social score" is maintained and if your score dips below a certa…
Over in the land of the free. Are the police not trawling through Facebook imagery and chat messages to arrest the “insurrectionists”? Is the spying ok when it’s sponsored by Facebook?
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#327Earlier quoted context omitted.
I am not from China, but I am from Russia. Western posturing and brinksmanship isn't going to bring about any meaningful change. It's been tried for seventy years against the USSR, with no effect [1]. All that a foreign enemy (that loudly proclaims their belligerence) does is unite people behind shitty leaders. (As we have seen in Western democracies when their governments are more concerned with blaming external ene…
>It's been tried for seventy years against the USSR, with no effect [1] Uhhhh, so you don't think the cold war was a major reason the USSR fell? That's the first time I've heard that take. I mean, obviously what killed the USSR was a failure to dictate an efficient economy (what is likely to kill the CCP as well), but the Cold War defenitely, in my opinion and in the opinion of every piece I've ever read on the subje…
> Uhhhh, so you don't think the cold war was a major reason the USSR fell?
That's correct. The cold war wasn't the reason the USSR fell. Neither was 'Ronald Reagan', or Star Wars.
To elaborate on that point - it wasn't outspent by Star Wars - Soviet planners were not seriously proposing that the USSR maintain parity in that arena, just like they weren't proposing that the USSR maintain 11 carrier strike groups. MAD would still work, and with stockpiles of thousands of nuclear weapons, its territorial integrity was assured. "We outspent the reds" was more of a domestic justification for bloated DoD budgets, than it was an actual, credible, Soviet-empire-ending military threat.
The disaster in Afghanistan contributed to Brezhnev's circle losing power, but it was entirely self-inflicted. The USSR over-reached, only to discover, to great embarrassment that it was no longer actually capable of projecting military force outside its borders - half due to its domestic economic problems, and half due to Afghanistan being an empire-killing quagmire. It's not the first waning empire to come to this realization, nor will it be the last.
> I think this is a skewed view based on a shallow view of most western democracies.
You're correctly observing that the purpose of foreign-affairs-posturing is media optics. I agree. The thing is that, to take Trump as an example - the observable impact of his domestic politics was... Not dramatically different from the status quo. He branded himself as a fireball reformist - and he did it by loudly complaining about Mexico, China, Iran, etc. Meanwhile, domestically - which is what really matters to his constituents - he has accomplished nothing. (To be precise, he accomplished less than nothing - COVID would have probably been handled better if he went on vacation for all of 2020.)
It's a stretch to say that Congress was working on domestic issues - Congress was spending their past year, keenly focused on doing... Nothing. That's the result of congressional deadlock. (To their credit, that's better than active sabotage.)
> The fact that these feedback loops do not exist is why most authoritarian regimes fail. We are seeing the slow decay of those feedback loops in China from their more liberal economic policies 10+ years ago.
I believe you are overstating the importance of economic dogma. The people of China, just like the people of the United States, or Myanmar, or Sweden, ultimately don't care about whether or not their economic policies are liberal, conservative, or martian. The political axis on which your economic policies fall on isn't interesting to anyone outside of a tribal political argument.
What they care about is results.
What they care about is answers to questions like:
"Do I have a job? Does my job let me make ends meet? Will my children be better off than I am? Do I feel secure in my economic future? Will I be better off five years from now, then I am now?"
Those questions are how you should be evaluating economic success, or failure - not where the policies fall on an economic compass. The average person doesn't give a rat's ass about the legal structure around a foreign-owned branch office in their country, or how some billionaire is treated. The average person cares about whether or not their government pension will be honored, and whether or not they'll be able to afford to buy an apartment, so that they can marry, etc, etc.
Of course, if you are consuming media that is written from the perspective of an un-average person - say, a foreign business owner, then of course it will make it sound like the most important question in the world is "But how neo-liberal are your economic policies with respect to foreign ownership?"
For the past twenty years, ever since the 'China will liberalize because foreign investment' meme was making the rounds in the newspapers (which sounded quite ridiculous to me at the time, but what did I know, I was 12...), all discussion of the subject was focused on the latter question, as opposed to the former. The only time the former was ever mentioned, was to argue a point about the latter.
To summarize - economic policies surrounding foreign ownership are not a bellwether for feedback loops of political sentiment in China. They are a bellwether for the sentiment of foreign business owners about China. There's an ocean of difference between the two.
> It had it's problems, but the falling crime rate over that time was in part because of these policies. NYC is a perfect example of both sides of that coin.
I am under the understanding that the elimination of leaded gasoline was the only meaningful factor for falling crime rates. Countries that did not undertake tough-on-crime legislature fared just as well as tough-on-crime did, without subjecting themselves to the social disaster that surrounded it.
So, the way I see it, it didn't 'have it's problems'. It was nothing but problems.
> Well yeah. No one wants a war.
I disagree. There are factions in the US that want a limited shooting war, because they think they can win it, without it going nuclear. There's the occasional post on HN calling for this sort of thing. I don't think one's likely to happen, but history tells us that its not outside the realm of possibility.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#328Earlier quoted context omitted.
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/…
Maybe your analysis make sense. But I often look opposite analysis to defeat the algorithm of social media. Personally I think it's partially responsible for there are 2 different realities that lead to the Jan 6 Capitol event. Here's a piece that draws quite different picture from yours. https://worldaffairs.blog/2020/12/31/from-terrified-to-trium...
"Objective Nonpartisan Insightful", really now! I think your source needs to learn how to write non-editorial English.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#329Earlier quoted context omitted.
Maybe your analysis make sense. But I often look opposite analysis to defeat the algorithm of social media. Personally I think it's partially responsible for there are 2 different realities that lead to the Jan 6 Capitol event. Here's a piece that draws quite different picture from yours. https://worldaffairs.blog/2020/12/31/from-terrified-to-trium...
a quick glimpse of the link you sent, alot of the economic data depends on you trusting the data coming from a dictatorship which obfuscates every clear economic signals. So I don't buy it personally. As for politics, China aligned itself with small countries/other dictatorships, while the big democracies that composes of 80+% of the world's economies united. As for tech, you need to also believe the claims they made…
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#330Earlier quoted context omitted.
Hmmm... I'd agree that many people in the west don't have much of an idea how China or the CCP work. Calling them communist is pretty hilarious even if the word is in their name. The country has grown into it's own new empire much more like those of old, I think shaped by the expectations and education of its people. I'd also agree that because many of China's educated upper class (political and economic) have been s…
>Calling them communist is pretty hilarious even if the word is in their name Why? China was clearly a communist project, and this is what they became. Why is the end result we see in reality less valid than the theory?
Words have meaning so unless you're using them as a proper noun or acronym (CCP, NAZI) you follow common usage. Just because a word is useful for demagoguery or insult doesn't make it correct.