Re:Jack Ma cedes control of Ant Group
by anon546981cca on Saturday January 07, 2023 @06:43PM
(#34294313)
One view of the Chinese system is that they run their country like a company. With that analogy, it's expected for a company to profit off the rewards of their employees' labour, and therefore it's within a country's right to rein in their business leaders as their success was facilitated by the country's resources.
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Re:Jack Ma cedes control of Ant Group
by abc_lisper on Saturday January 07, 2023 @08:14PM
(#34294956)
This is a very fertile perspective. Explains so much about CCP.
That would explain taxes, and to some degree regulations, not taking away control entirely.
In this view companies like Meta, Microsoft, Amazon, Alphabet, Apple and their founders could be said to be/have been beyond control of the US government. China’s government does not permit this to happen.
Re:Jack Ma cedes control of Ant Group
by throwaway432334 on Saturday January 07, 2023 @09:33PM
(#34295413)
I studied at a Chinese university for a semester and as part of the program they put on seminars on things like the media, demographic issues, etc.
One of them was about the economic system and they explained that while small businesses (think street shops, small restaurants, etc) are hands-off as there's not much value in being hands on. Large businesses are at the state's control. They explained that you can see the party serving a similar role as the "board of directors."