Re:China plans to break up Ant's Alipay and force creation o...
by jimkleiber on Monday September 13, 2021 @02:06PM
(#28514673)
I believe a lot of times in the US, those companies become public utilities [0], which are publicly owned through stock (or privately owned)[1] but are highly regulated by the government and also I think exempt from laws prohibiting monopolies[2]. I'm not sure what's the process of a company going from a regular public company to a public utility though.
[0]: https://en.wikipedia.org/wiki/Public_utility [1]: https://marketrealist.com/p/are-utility-companies-public-or-... [2]: https://www.law.cornell.edu/wex/public_utility
Re:China plans to break up Ant's Alipay and force creation o...
by rkk3 on Monday September 13, 2021 @02:07PM
(#28514696)
> the nationalization of things that drain the entire economy.
Not sure how you would draw this line.
Do we nationalize the apple/google app stores because they are taking 30% cuts? Or Visa/Mastercard/Stripe because they take a cut on every transaction?
This implies said companies have already “won,” and that they’ve made (a lot of) money.
Your comment would make more sense if I was calling for the transitioning to communism.
Uber, for example wouldn’t be nationalized because its product type hasn’t become so pervasive that a majority of Americans use it. Debit cards and their ilk have.