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Freedom and democracy are never requirements for being a global financial center. What capitalists want are stable government, low tax and few regulations. They
by majia 7y ago
Freedom and democracy are never requirements for being a global financial center. What capitalists want are stable government, low tax and few regulations. They don’t care if some political dissents are sent to Beijing.
- JumpCrisscross 7y ago> What capitalists want are stable government Yes. > They don’t care if some political dissents are sent to Beijing Yes, companies and investors care if a Hong Kong dispute can be spirited to a Chinese court if one of the litigants is well-connected in Beijing.
- noobermin 7y agoNope, then said capitalists lead to grease those gears just like they do in America with donating to both political parties.
- sremani 7y agoRule of Law is an important component.
- AFascistWorld 7y agoYou know China arrested people during their stock market crash for "malicious shorting"? Then call on to "prop up the stock market for the country"?