Great timing to do this if you are the CCP - the world is focused on the US right now not much oxygen for anything else in the news cycle. I think the CCP's true colors have been showing up a lot recently. I feel badly for the Chinese population as a whole as the rest of the globe finds it difficult to disentangle the two, and that the CCP applies pressure on foreign nationals (see: Australia).
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
#42China previously required Alibaba and other companies to accept government officials within their companies. https://www.ft.com/content/055a1864-ddd3-11e9-b112-9624ec9ed... Fraser Howie, author of "Red Capitalism", says that all Chinese corporations are either state owned enterprises or state overseen enterprises. It appears China may want to transition Alibaba from the latter to the former.
All US companies are also either state owned (USPS), state overseen (regulated), or even state subsidized as well (Boeing). You can add state monitored (Telcos) in there as well.
there's a difference between regulation and inserting officials throughout the organization. Also the US Postal Service doesn't trade as a company, as some similar run Chinese entities.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#43The West thought once China is full of billionaires, the billionaires having all that wealth would then have the power to oppose and dissolve the CCP. Didn't go as planned.
How's it working in the U.S. where billionaires are dissolving the U.S. government?
Why do they need to dissolve something they already control and/or own?
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#44The West thought once China is full of billionaires, the billionaires having all that wealth would then have the power to oppose and dissolve the CCP. Didn't go as planned.
How's it working in the U.S. where billionaires are dissolving the U.S. government?
Yes, they thought China would turn into a plutocracy. Of course they were modeling after themselves.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#45China previously required Alibaba and other companies to accept government officials within their companies. https://www.ft.com/content/055a1864-ddd3-11e9-b112-9624ec9ed... Fraser Howie, author of "Red Capitalism", says that all Chinese corporations are either state owned enterprises or state overseen enterprises. It appears China may want to transition Alibaba from the latter to the former.
All US companies are also either state owned (USPS), state overseen (regulated), or even state subsidized as well (Boeing). You can add state monitored (Telcos) in there as well.
Not in the way that they are in China. In China, state overseen means there are government officials working within the company.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#46Earlier quoted context omitted.
I am most surprised about how surprised everyone is about these events. Did Jack Ma think he was going to tell the CCP how it is? China is executing an executive for bribery and corruption [1] (a lot of bribery and corruption though!). Perhaps it's simply the Overton Window [2] delta between the US and China. [1] https://www.dw.com/en/china-sentences-ex-banker-to-death-for... [2] https://en.wikipedia.org/wiki/Overton…
> 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.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#47The West thought once China is full of billionaires, the billionaires having all that wealth would then have the power to oppose and dissolve the CCP. Didn't go as planned.
How's it working in the U.S. where billionaires are dissolving the U.S. government?
No, what we have been shown in the US is that it takes a billionaire to challenge the two existing political parties. Parties who through laws and regulation pretty much isolated themselves from other means of being challenged and even go so far as to have us pay for their conventions and even security at times.
The difference in the US is the billionaire was able to challenge the existing parties in control and beat them both, in China your wealth is pretty much meaningless unless you came upon it through your party affiliation; there of course is only one party that matters.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#48Earlier quoted context omitted.
How's it working in the U.S. where billionaires are dissolving the U.S. government?
Yes, they thought China would turn into a plutocracy. Of course they were modeling after themselves.
They thought China would in the footsteps of South Korea and Taiwan.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#49The West thought once China is full of billionaires, the billionaires having all that wealth would then have the power to oppose and dissolve the CCP. Didn't go as planned.
Unless something debilitates the CCP first, this isn't going to happen soon. Maybe when Xi Jinping retires.
Re: China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report
#50Is it me or there's some cognitive dissonance going on with the whole article discussing the ramifications of a nationalization without describing at all what sourced this "news" in the first place? A cursory search seems to show this is a regurgitation on a sourceless Radio Free Asia article ( https://www.rfa.org/english/news/china/alibaba-probe-1225202... ) from December?
Radio free Asia has deep ties to US agencies. It isn’t really a credible source.