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I don't get it. In the west, 1- we ask for tight regulations of banks and financial institutions to prevent them from screwing their creditors and the whole eco
by Udik 6y ago
I don't get it. In the west, 1- we ask for tight regulations of banks and financial institutions to prevent them from screwing their creditors and the whole economy; we also 2- lament the corrupt system that prevents the government from applying serious anti-trust rules to companies that have become entirely monopolistic in their behaviour and mindset: Google, Apple, Amazon, etc.
But when China does 1 and addresses 2 with antitrust rules, then we criticise the authoritarian state that stunts economic growth and private entrepreneurship...
- jpmoral 6y agoWhat people are criticising is the manner of rule-enforcement. The IPO got to a late stage of the process before being personally halted by Xi. Rules being unevenly applied and being dependent on the whims of the powerful is what is harmful.
- justicezyx 6y agoThe ipo did not went normal process, and was done in less than 30 days... The truth is more like ant knows the clampdown is coming and is rushing to dodge... [1] [1] https://www.reuters.com/article/uk-ant-group-ipo-banks-insight/secrecy-and-speed-inside-ant-groups-unusual-ipo-process-idUSKBN26M7QO https://www.reuters.com/article/uk-ant-group-ipo-banks-insig...