Chinese Economics Thread

NiuBiDaRen

Brigadier
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The $2.78 billion fine is huge on absolute numbers but it is small relative to Alibaba's scale.

IMO, the fine itself is a slap on the wrist, but the "bringing its operations in compliance" is the real deal. So, solve your problems, toe the line, and dont mess around with the regulators because next time, punishment will be much heavier
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Bloomberg complained that Big Tech was powerless against the Chinese government from the Alibaba fine. I mean Alibaba is a behemoth, and it paid 2 billion in fines to the government, which was 10% of what Volkswagen had to cough up (25 billion) to the US government over the emissions scandal.

I mean this is truly shilling for corporations, lol. Would you rather the government be powerless against Big Tech, the big oil companies, finance companies lol.

This is framed as a violation of human Big Tech rights committed by China.
 
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voyager1

Captain
Registered Member
Bloomberg complained that Big Tech was powerless against the Chinese government from the Alibaba fine. I mean Alibaba is a behemoth, and it paid 2 billion in fines to the government, which was 10% of what Volkswagen had to cough up (25 billion) to the US government over the emissions scandal. I mean.
Yep I read the article, and I have to say I enjoyed their tears lol. When Bloomberg, the billionaire/millionaire mouthpiece, complains about how a business lost against the government then that makes you understand of what was happening on the background

I hope Bloomberg keeps it up so the rest of the world can see the first ever defeat of Big Tech
 

Nutrient

Junior Member
Registered Member
It's not a matter of big and small but a matter of putting as much power and as many sources of technological innovation possible behind the national drive to advance. You don't butcher a large engine of innovation just because it's not your biggest one; you use all of them together.
So making billionaires more open is equivalent to "butchering" their companies. Your paranoia is showing again.


Billionaires are not the only source of technological innovation, but when government alone (Soviets) went up against government plus private sector (USA), government alone lost. You fight one arm tied against someone fighting with both arms and you're gonna have a bad time unless he's a total shrimp compared to you.
The Soviet Union had a huge disadvantage: its economy was only half the US's. China won't have that problem; the innovation from small businesses, backed up by government-funded basic research, should keep the Middle Kingdom quite competitive. Large endeavors can also be funded by the government; State Grid is absolutely enormous, successful, and efficient. Billionaires are not necessary.


Any nation on a quest to malign and destroy its rich and exceptional individuals is on a crusade against its own development.
Who is talking about "destroying" the companies. I just want to keep the billionaires on a leash, so they can't corrupt the country. Your paranoia (everything's a threat) is showing again.
 
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Nutrient

Junior Member
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Bloomberg complained that Big Tech was powerless against the Chinese government from the Alibaba fine. I mean Alibaba is a behemoth, and it paid 2 billion in fines to the government, which was 10% of what Volkswagen had to cough up (25 billion) to the US government over the emissions scandal.

I mean this is truly shilling for corporations, lol. Would you rather the government be powerless against Big Tech, the big oil companies, finance companies lol.

This is framed as a violation of human Big Tech rights committed by China.

In the US, Big Tech dared to censor Trump, who at the time was President of the country. What China did to Alibaba is of course a violation of the billionaires' freedom to corrupt and dominate the government.
 

manqiangrexue

Brigadier
So making billionaires more open is equivalent to "butchering" their companies. Your paranoia is showing again.
The conversation that that replies to directly says that billionaires are not necessary, so when I rebut, I rebut to them being removed and thus their contributions butchered.

Open, eh? How open? Every time you regurgitate that half-assed thoughtless answer, you will face this again:

"How open? More open than someone with a regular amount of wealth? How is it enforced? Are you suggesting that once someone reaches above a certain level of wealth that s/he be stripped of his/her human right to privacy? That's ok with you? That's not persecuting success?"
The Soviet Union had a huge disadvantage: its economy was only half the US's. China won't have that problem; the innovation from small businesses, backed up by government-funded basic research, should keep the Middle Kingdom quite competitive. Large endeavors can also be funded by the government; State Grid is absolutely enormous, successful, and efficient. Billionaires are not necessary.
This was already debunked. Small business innovations are not the same type as those of megacorps. No small business will ever invent lithography or jet engines or rocket launches. These require the deep pockets of a megacorp to tackle. We are going in circles because you have decided that the only way you can continue to argue is to pretend you did not read large sections of my posts that you are incapable of rebutting.

Here you go, reread this one; and it has got a bunch of likes on it too:
Who is talking about "destroying" the companies. I just want to keep the billionaires on a leash, so they can't corrupt the country. Your paranoia (everything's a threat) is showing again.
Your selective blindness to challenges is showing again. Here you go, you can reread that:

"Curbed, tacked, leashed, whatever word you want to use, it means nothing if you cannot define it in your context."

Also, this post was a response to Spring's post and he said that billionaires are not needed and the assumption is that he wants to remove them. Not every jab is at you just because they prove you wrong as well. I was hoping he could debate better than you so I replied to him that time.
In the US, Big Tech dared to censor Trump, who at the time was President of the country. What China did to Alibaba is of course a violation of the billionaires' freedom to corrupt and dominate the government.
What the CCP did to Alibaba shows that the CCP controls the game in China no matter how big the company is and I support it. However, your shapeless meaningless nag of a complaint cannot be supported anywhere because even you don't know what it means. Here you go; you can reread that:

"You don't know what it actually takes for billionaires to "get too powerful," and above the control of the CCP and you don't know what it means to "curb" them. You don't know the exact problem you want to solve and of course you don't have a solution either. Essentially, you spent 2 days dodging questions you cannot answer and posted dozens of rants that all mean nothing."
 

W20

Junior Member
Registered Member
The money itself is programmable. Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start.

"And there you have it: the Keynesian wet dream to boost the velocity of money finally comes true"

E x a c t l y
 
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