Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub...
by einpoklum on Friday November 13, 2020 @06:38PM
(#25088863)
In a struggle between big private capital and big state, I would refrain from supporting either side. Also, I doubt this action is over mildly critical rhetoric.
Another point:
> authoritarianism is bad for economic growth
* Economic growth is not a virtue or something positive in its own right.
* Authoritarianism is bad for many reasons, but being detrimental to something which is not in itself positive is not one of those reasons. Adopting an extensive regime of repair, reuse, recycling and energy frugality might also be detrimental to economic growth (as we currently evaluate it), but that doesn't make it disfavorable.
Another point:
> authoritarianism is bad for economic growth
* Economic growth is not a virtue or something positive in its own right.
* Authoritarianism is bad for many reasons, but being detrimental to something which is not in itself positive is not one of those reasons. Adopting an extensive regime of repair, reuse, recycling and energy frugality might also be detrimental to economic growth (as we currently evaluate it), but that doesn't make it disfavorable.