News for hackers. Stuff that matters.

A comment on China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report. Parent comment

Re:China CCP to Nationalize Jack Ma's Alibaba and Ant Group ... by whimsicalism on Monday January 11, 2021 @02:09PM (#25734482)
> in a lot of ways it is more capitalist than a lot of the West

China definitely has big market aspects and private ownership, but I also think this can be overstated.

There is still massive public ownership of major companies and banks in China and land in all urban areas is publicly owned as well.

[ Parent | on HN ]
Re:China CCP to Nationalize Jack Ma's Alibaba and Ant Group ... by tsimionescu on Monday January 11, 2021 @02:24PM (#25734800)
Is it actually publically owned, or is it state owned? There is a major difference between these two outside of a democracy.
[ Parent | on HN ]
Re:China CCP to Nationalize Jack Ma's Alibaba and Ant Group ... by whimsicalism on Monday January 11, 2021 @02:48PM (#25735290)
Public control is a continuum rather than an on/off switch in my view. They are owned by the state which is nominally responsive to the public, albeit very indirectly. But, then again, much of our economy and laws are determined by unelected councils (the Fed, the SCOTUS, etc.).
[ Parent | on HN ]