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Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

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Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#41

Post by keutoi »

DubiousPusher wrote: post #21
asdfsfkwqe wrote: post #3

They failed to realize the root cause of all these after school tutoring. There are just not enough proper schools for them to attend. They have to compete for the spot to get an education. And all these elite colleges/high schools are located in Beijign, Shanghai, etc. They usually take in local students first. So you see the problem. They will always be some form of private tutoring as long as there are immensive c…

But why are people so set on getting a fancy "educatiom" at all? I mean, I'm not against it by any means. Education has dome alright by me. But maybe part of the problem is also a divergence in quality of life for the educated or a rampant credentialism whoch tells people their worth is tied to credential attainment? Obviously educating citizens is good for a nation. And if it is really what people want to do, that's…

Education as a way up in society has been in China for a long time https://en.wikipedia.org/wiki/Imperial_examination .

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#42

Post by The_Amp_Walrus »

cblconfederate wrote: post #16
coder-3 wrote: post #13

It is so interesting to see the CCP try to navigate the dichotomy between state planning and free markets. Trying to make diametrically opposed systems play together. I would even be rooting for them if it wasn't for the complete disregard for human life, personal liberties and all the fucking genocide...

Markets are nowhere free since they are always defined narrowly by state and international laws. What china doesn't allow is capitalism but handling a state-planned market doesnt seem to be that hard.

At least computationally, central planning is quite hard

https://chris-said.io/2016/05/11/optimizing-things-in-the-us...

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#43

Post by haram_masala »

refurb wrote: post #22
tmule wrote: post #20

In America, politicians are controlled by billionaires. This comes at the cost of national interest, given that winner-takes-all systems are gini coefficient maximizers. In China, politicians control billionaires. At least in theory, especially given how much the Chinese political establishment is attuned to the needs of the Chinese commoner, this does protect the national interest.

This is an incredibly generous take on the situation. In China the corruption of government officials is several orders of magnitude higher. We’re talking wholesale theft of govt assets in the billions of dollars. Chinese leaders also have a much more tenuous hold on power. They aren’t smacking down Jack Ma because they are looking out for the Chinese commoner (though they might benefit), their top priority is lookin…

This is the first time I have ever heard the claim that the CCP's hold on power is anything but rock solid. Unless you mean that specific leaders within the party have a tenuous hold against their party rivals.

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#44

Post by rwmj »

mettamage wrote: post #29

I feel a bit too far removed from this, so my comments might be a bit too curious without considering other perspectives (aka I am a bit naive on this topic). With that said: Global investors are getting squashed. But there must be global investors who shorted these stocks or bought put options. Why aren’t they covered in this article? I’m missing nuance on the investment side. From a political standpoint, I want to…

Intelligent shorts can look at factors like - is this company an outright scam (Wirecard)? is this company in a market which is likely to shrink? are its competitors on the verge of a breakthrough technology? They wouldn't necessarily have inside knowledge that the government of the country is going to force companies to turn into non-profits (like happened recently with Chinese school tutoring companies). That's like having an asteroid hit.

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#46

Post by dnzkw »

adriancr wrote: post #36
tmule wrote: post #20

In America, politicians are controlled by billionaires. This comes at the cost of national interest, given that winner-takes-all systems are gini coefficient maximizers. In China, politicians control billionaires. At least in theory, especially given how much the Chinese political establishment is attuned to the needs of the Chinese commoner, this does protect the national interest.

> Chinese political establishment is attuned to the needs of the Chinese commoner Hah... here is how common people are treated: https://en.wikipedia.org/wiki/Xinjiang_internment_camps

Those are non-Han. They aren't considered common people or people at all.

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#47

Post by oreally »

refurb wrote: post #22
tmule wrote: post #20

In America, politicians are controlled by billionaires. This comes at the cost of national interest, given that winner-takes-all systems are gini coefficient maximizers. In China, politicians control billionaires. At least in theory, especially given how much the Chinese political establishment is attuned to the needs of the Chinese commoner, this does protect the national interest.

This is an incredibly generous take on the situation. In China the corruption of government officials is several orders of magnitude higher. We’re talking wholesale theft of govt assets in the billions of dollars. Chinese leaders also have a much more tenuous hold on power. They aren’t smacking down Jack Ma because they are looking out for the Chinese commoner (though they might benefit), their top priority is lookin…

To put it this way is too much of a simplification. There is good and bad.

For now their priorities intersect with the chinese commoner, ie. Protecting themselves via serving the chinese commoner. Another bonus to this is the ability to make harder decisions now for the sake of the future.

The fact of the matter is that with this 'aligned interests' dictatorial style you can more done and plan for the future - so long as that future is aligned with your population.

I'd say the standoffish bipartisan politics of the US is far harder to get things done, but hey, as I'm sure some of you would say, it's better to have the freedom.

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#48

Post by h8hawk »

tmule wrote: post #20

In America, politicians are controlled by billionaires. This comes at the cost of national interest, given that winner-takes-all systems are gini coefficient maximizers. In China, politicians control billionaires. At least in theory, especially given how much the Chinese political establishment is attuned to the needs of the Chinese commoner, this does protect the national interest.

How massive censorship and state surveillance have anything to do with need of Chinese commoner?

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#49

Post by adriancr »

dnzkw wrote: post #46
adriancr wrote: post #36

Earlier quoted context omitted.

> Chinese political establishment is attuned to the needs of the Chinese commoner Hah... here is how common people are treated: https://en.wikipedia.org/wiki/Xinjiang_internment_camps

Those are non-Han. They aren't considered common people or people at all.

You are correct... it is unfortunate that if you are born in the wrong place to wrong parents you get treated that way...

It's also sad that people praise the CCP like the OP here...

Also, nothing stopping CCP from doing the same to han/everyone else as well... mao zedong's stupid policies come to mind...

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#50

Post by refurb »

haram_masala wrote: post #43
refurb wrote: post #22

Earlier quoted context omitted.

This is an incredibly generous take on the situation. In China the corruption of government officials is several orders of magnitude higher. We’re talking wholesale theft of govt assets in the billions of dollars. Chinese leaders also have a much more tenuous hold on power. They aren’t smacking down Jack Ma because they are looking out for the Chinese commoner (though they might benefit), their top priority is lookin…

This is the first time I have ever heard the claim that the CCP's hold on power is anything but rock solid. Unless you mean that specific leaders within the party have a tenuous hold against their party rivals.

The later.
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