3 ms·

The way GP described it is like everything is tightly controlled. If the state controls Ant group, that would mean IPO was planned by the state, and you may alr

The way GP described it is like everything is tightly controlled. If the state controls Ant group, that would mean IPO was planned by the state, and you may already know Chinese government do regular long term plans, this incident wouldn't happen, also, it won't even happen in this way. It would be Ant group withdraw its IPO application instead. I won't say any business is fully independent in any country in this age. I am also not claiming Chinese business can be as independent as in US. It is definitely not state-owned as GP suggested.

cscurmudgeon 6y ago
> For those that are not aware of it - all sufficiently large corporations in China are actually more akin to State-owned enterprises Please, how do you go from "State-owned" to "everything is tightly controlled." I am genuinely curious.
- powerapple 6y ago
  Because according to GP, Chinese government wants to 'control' everything, that's why they 'own' everything. If they don't control it, would it make any difference if a company is state owned or private owned. If I own 1000 companies, and one of them is going to do the biggest IPO, I probably will still watch this one closely. I think I have become too political recently reading hacker news. Such a waste of time. I will not participate in any philosophy/political/ideology any more. Thanks for the reply. EDIT: We all have a habit to use logic to understand events, but many times, we can bend events to fit our logic. It is so natural, and we don't even notice it. I don't believe the world is black and white, or labelling makes it easier to understand the world. Everywhere you go is just a bunch of humans. When we are happy we take time and try to understand differences, when we are not, we attack differences. It is how we develop and survive in the wild.

3 ms·

The way GP described it is like everything is tightly controlled. If the state controls Ant group, that would mean IPO was planned by the state, and you may alr

by powerapple 6y ago

cscurmudgeon 6y ago
> For those that are not aware of it - all sufficiently large corporations in China are actually more akin to State-owned enterprises Please, how do you go from "State-owned" to "everything is tightly controlled." I am genuinely curious.
- powerapple 6y ago
  Because according to GP, Chinese government wants to 'control' everything, that's why they 'own' everything. If they don't control it, would it make any difference if a company is state owned or private owned. If I own 1000 companies, and one of them is going to do the biggest IPO, I probably will still watch this one closely. I think I have become too political recently reading hacker news. Such a waste of time. I will not participate in any philosophy/political/ideology any more. Thanks for the reply. EDIT: We all have a habit to use logic to understand events, but many times, we can bend events to fit our logic. It is so natural, and we don't even notice it. I don't believe the world is black and white, or labelling makes it easier to understand the world. Everywhere you go is just a bunch of humans. When we are happy we take time and try to understand differences, when we are not, we attack differences. It is how we develop and survive in the wild.