Chinese Billionaire Arrested And Business Seized By State : NPR
I guess China isn't capitalist anymore.
I guess China isn't capitalist anymore.
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Chinese billionaire arrested and businesses seized by state
- Thread starter Stevicus
- Start date
It's capitalism that exists only at the pleasure of the Party.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Oh it is. Communist China wants the money for itself.
stvdv
Veteran Member: I Share (not Debate) my POV
CCP seems quite capitalist though
If one behaves properly.
Rather than arrest billionaires and successful figures they'd be smarter to publish legal limitations -- what a person's net value is permitted to be. Then people can work up to that, stop getting bigger and not have to worry about being arrested for success. Just taking away business willy nilly is going to discourage entrepreneurs.
I'll wager that other Chinese business owners know
there's a line to toe. Regular disappearances &
confiscations send a message.
epronovost
Well-Known Member
It never was. It was more like Party sponsored kleptocracy. The idea of private corporation to enrich Party members, family and friends and help industrialize and arm the State.
They could learn something from Hammurabi. People need to know what the law is.
Is that Thundercats?
Just kidding.
In some countries, the law is a tool of the people.
In China, it's a tool of the state.
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Yes, but even that state could be willing to improve itself. I think its doomed to be a terrible place to live for a very long time to come, but I can be wrong. Even if such is its doom it might gain some stability by stating ahead of time what is or is not going to be allowed instead of randomly chucking people into jail. Maybe chucking billionaires is popular though?
I don't think jailing them is random.
Kooky
Freedom from Sanity
For example?
Terrywoodenpic
Oldest Heretic
There is nothing random about China
But it makes no difference how powerful or wealthy you become,
The law applies to you the same as anyone else.
If you overstep the mark you are no more than spare parts.
It would scare the pants of western plutocrats.
There are no longwinded legal hurdles to protect you.
You can be done and dusted in the wink of an eye.
You can become as rich as you like so long as you obey the laws.
but step over that line and you are dogs meat.
We need a little of that to keep our millionaires honest and working in the peoples and states interest.
If they do that, they can be both supremely wealthy and live in absolute luxury.
it is a different mindset.
But it makes no difference how powerful or wealthy you become,
The law applies to you the same as anyone else.
If you overstep the mark you are no more than spare parts.
It would scare the pants of western plutocrats.
There are no longwinded legal hurdles to protect you.
You can be done and dusted in the wink of an eye.
You can become as rich as you like so long as you obey the laws.
but step over that line and you are dogs meat.
We need a little of that to keep our millionaires honest and working in the peoples and states interest.
If they do that, they can be both supremely wealthy and live in absolute luxury.
it is a different mindset.
Duh!
Revoltistan.