Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub...
by Aperocky on Friday November 13, 2020 @02:47PM
(#25086550)
Being able to finance high interest lending by selling subprime debt securities are principles worth dying for?
Or are these Truth and Duty? I'm very confused. Ma criticised the regulators for 'holding back innovation', innovation we've seen and paid for in 2008.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub...
by specialist on Friday November 13, 2020 @03:08PM
(#25086846)
I am the last person to ask about the merits of Ma's argument. I'm firmly in the castles in the sky camp, that all finance is intrinsically suspect, and that all the belligerents retcon their dogma as needed (went up because I'm a genius, went down due to unforeseen circumstances completely beyond my control).
Like I tried to say, poorly, I'm just surprised Ma spoke up, and can only guess why.
That Jack Ma said anything at all surprised me. Ma's had always been wholly obsequious, in public at least.
I guessed that Ma's spoke up for one of the reason's I've done so in the past: Ma was done and decided to stop playing. He felt he finally had enough juice to make some kind of a power play. He felt that Truth and Duty were principles worth dying for.
Whatever the reason, I'm sure he now wishes he hadn't.
I'll be doubly surprised if Ma doesn't have an exit strategy. Opting for that seaside villa and teaching poetry to local school kids.