Re:The shadow investment wars of Alibaba and Tencent
by jacobwilliamroy on Saturday October 10, 2020 @08:15PM
(#24742902)
You misunderstand success. Yes regulation inhibits profit. In return businesses are forced to offer more utility to users and to develop better technologies. The Chinese economy is more of a cartel with tight bonds between business and government all attempting to serve the government and meet its foreign policy goals. In a deregulated economy, the result is the same except it's private companies with no transparency or accountability owning and operating the cartel instead of a public organization like the government.
And the U.S. is in a depression. There is no plan for the Federal Reserve to recoup all the 6 trillion plus dollars it's invested in the last few months. Our economic demise is coming soon.
And the U.S. is in a depression. There is no plan for the Federal Reserve to recoup all the 6 trillion plus dollars it's invested in the last few months. Our economic demise is coming soon.