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> The west has invested a lot into the Chinese economy hoping to translate the corresponding equity into growth Chinese people are jointly invest in that ventu
by justicezyx 6y ago
> The west has invested a lot into the Chinese economy hoping to translate the corresponding equity into growth
Chinese people are jointly invest in that venture, by (not limited to):
* Sacrifice family and personal time, by hundreds of millions of passent migration workers.
* Sacrifice health and life quality, even today 996 still a norm, and you can imagine what have been since the opening up
* Environment, early pollution has harmed the people's health and well-being
* Mental health, stressful working time, lack of support
At the top, it was CCP and Western capitalists grabbed most of the profit, but leaving the waste to be suffered by the people.
Case in point, Alibaba's success is a CCP sanctioned monopoly and unfair market competition. I pity Jack Ma's treatment from CCP, I don't pity him as a citizen, he already enjoyed too much beyond what he actually deserves.
As such, I do welcome campaign like the poverty elimination [1]. If CCP does nationalize alibaba and use that to help rural areas to gain access to market, I consider that a positive thing for the vast majority of the poor.
[1] https://www.latimes.com/world-nation/story/2020-11-27/china-2020-poverty-eradication-dream https://www.latimes.com/world-nation/story/2020-11-27/china-...
- 88840-8855 6y agoGreat post!
- baybal2 6y ago> As such, I do welcome campaign like the poverty elimination [1]. Which is inits entirety a propaganda campaign. I have peers from all across China, poorest parts included. All what 6 people saw were a photoshoot, and a potemkin village.
- justicezyx 6y agoIf you read the article I posted, you'll see that is not a positive report on the campaign. You shall understand that the CCP model is bound to such lipstick cover-up. But I firmly support the whole idea of eliminating poverty with the accumulated wealth. Essentially a form of compensation by transferring some wealth.
- baybal2 6y ago> But I firmly support the whole idea of eliminating poverty with the accumulated wealth. Essentially a form of compensation by transferring some wealth. No wealth ever changed hands. PM Li's saying of 600m Chinese still living on CNY1000 a month is 100% real. Why would bolos would in their sane mind empower their enemies, by transfering wealth to them?
- justicezyx 6y agoRead the la times report, every year, the government spent 30billion plus on relevant infrastructure.
- winrid 6y ago996 is no joke. Visiting friends in China, after dinner we went back to our hotel. They went back to work. They were in tech.
- blackrock 6y agoI hope they’re getting lucrative stock options to make their 996 worth it.
- justicezyx 6y agoNah, the employees in Chinese startups get very little, my impression is about 10% of their counterparts in Silicon Valley. Chinese capitalism is cut-throat. I really think that will become the major risk of Chinese economy.
- umeshunni 6y ago> At the top, it was CCP and Western capitalists grabbed most of the profit, but leaving the waste to be suffered by the people. That framing seems disingenuous given that per capita income in China has increased something like 10x in the last few decades and hundreds of millions have been lifted out of poverty.
- justicezyx 6y agoMoney is a relatively measure, your 10x is nothing compared to someone else's 10x