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So basically, the big companies own the government in their county.
by anmatapp 7y ago
So basically, the big companies own the government in their county.
- ChuckNorris89 7y agoI remember the quote from the RoboCop movie of the 80s when the CEO of OCP said: "We practically are the government". That movie was ahead of its time.
- FussyZeus 7y agoIn the specific case of China its more like the Government owns the big companies. But yes, basically.
- elorant 7y agoIn this particular case I think it's the other way around. The government owns the company.
- seanmcdirmid 7y agoThere has long been suspicion that Huawei is actually owned and controlled by the PLA. Not that it really makes much difference even if that were true (China would protect it even if it were a completely private enterprise).
- jorblumesea 7y agoOther way around. Many large corporations are founded by CCP members and receive massive government funding. In China at least the business and party elite are one and the same.
- Sag0Sag0 7y agoSo it's like the US.
- stunt 7y agoGovernments typically protect their big players and it makes sense. You don’t expect U.S. don’t do anything if Asia or EU put sanctions on Apple or Microsoft.