This is just modern day colonialism - as a leader of a country do you resign to paying a tax to foreign powers forever, or do draw a line in the sand and say en

This is just modern day colonialism - as a leader of a country do you resign to paying a tax to foreign powers forever, or do draw a line in the sand and say enough is enough. What is interesting is China is even powerful enough to do this. This isn't new - it's what Iran tried under Mosaddegh, and it's a story oft repeated in South America, and each case there is suddenly a CIA backed coup who fights against nationalization. I don't think China would see any blowback from this - the idea that it would prevent future investment in China is like saying Europe would stop investing in the US after the American revolution; as long as there is some alpha to be made in an economy as large as China's, I'd expect them to still see foreign capital. I think what it more interesting is the concentration of power in the CCP elite and how that power is wielded. On one side you have the "communist" dream where the nationalization of Alibaba is felt by all Chinese citizens who are given more through socialization - one can imagine what China would look like in another 15 years if they focused on further educating and strengthing their citizenry; its the progressive left's "dream" for America. On the other hand, it's also likely you end up in a situation where power corrupts and nationalization is just an excuse to enrich Xi and his inner circle.