Re:TikTok’s Chinese owner offers to forego stake to clinch U...
by andrewPP on Saturday August 01, 2020 @04:35PM
(#24023699)
The problem with the Chinese government/legal system is well known for long and most Chinese people wish it can improve over time.
It is weird to see that some people in the US wants to celebrate and justify the deterioration of their designed-to-be-perfect system.
Re:TikTok’s Chinese owner offers to forego stake to clinch U...
by fennecfoxen on Saturday August 01, 2020 @04:53PM
(#24023826)
Who’s celebrating? In this thread? I’m just pointing out the hypocrites crying “hypocrisy!”
Re:TikTok’s Chinese owner offers to forego stake to clinch U...
by chrischen on Saturday August 01, 2020 @05:40PM
(#24024123)
It would be hypocrisy if China wasn’t a heavily planned market economy that they are in fact claiming to be.
You have two systems, and one of them is having doubts about the efficacy of its own system.
In theory at least, China’s planning either results in less competitive alternatives, or eventually it would have to open up its economy (when the playground is more fair) to foster its own innovation. If it never allows competition then innovation would languish.
If we take action in contradiction to this natural series of economic events, we would be hypocrites as we’d be losing faith in our core economic beliefs.
America is being arbitrary, capricious, and unfair, in contradiction to the neutral and generally applicable law in America. But China's legal system has been arbitrary and capricious for decades, and is rotten to the core, consistently elevating the whims of the ruling party over rights and due process.
To use nonsense numbers: the US is designed to be 0% arbitrary but is being 20% arbitrary here. China is designed to be 90% arbitrary all the time. Clearly means China can keep out all the firms and be virtuous, but when the US keeps out any firms for any reason they're unfair and wicked!