3 ms·

I think that may be part of the point. In matters of state, in China, markets react to policy not the other way around. In the west markets direct policy throug

• elefanten 5y ago
  What examples do you have of this "indirect parliament" effect? Yes various interests lobby the government all the time. But what are the best/clearest examples of the market tail wagging the policy dog?.
  • malfist 5y ago
    There's a whole host of examples. Pretty much anything that asks the government to accept risk or loss of a company but doesn't share profits are good examples. Net neutrality is a great example. Paying telecoms to build infrastructure that they don't build and just pocket. The case in Ohio recently where their energy company bribed officials to give them a 1 billion dollar bail out. Another is any regulation that's not done for the greater good. Like in my state you have to be a licensed bartender and have graduated from a bartending school. Guess who pushed for that requirement? It wasn't the public.
  • curiousgal 5y ago
    Insert here any president boasting about the Dow Jones hitting a new high while they're in office