2 ms·
While I certainly don't like China's authoritarian approach to everything, I actually like this idea of "Big Corporates" being forced to maintain a certain stan
by webmobdev 5y ago
While I certainly don't like China's authoritarian approach to everything, I actually like this idea of "Big Corporates" being forced to maintain a certain standing with the public and the government via laws and regulation. The current approach of leaving it to the "market" and measuring this only through money (profits and share prices) is just unviable and too simplistic for a global economy.
(Please also understand the historical context - both India and China have historically been exploited by the richest and largest corporate company in the world. Thus, they understand what happens when businesses become too big and start competing with the government. At one time, the East India company had a private army matching that of the British empire!)