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Maybe from the perspective of the moneyed elite, but in what universe is China breaking up a monopoly an indicator of "authoritarianism"
by jihiggins 4y ago
Maybe from the perspective of the moneyed elite, but in what universe is China breaking up a monopoly an indicator of "authoritarianism"
- dmonitor 4y agoI’d love to hear Jack Ma’s opinion on it
- thrdbndndn 4y agoBecause the way it breaks up, it doesn't feel like it is to fight against monopoly, more like the gov not wanting a business empire that becomes too influential. Since it breaks down by divisions, so for example taobao would still be the top e-commerce competitor. Not to mention, despite being huge, I can't say Alibaba has monopoly in any of their services.
- kansface 4y agoThe US breaks up companies when they abuse their position to unfairly advantage themselves in our market. China just disappeared its most successful businessperson and chopped up his business because he directly criticizing the government.
- refurb 4y agoThere is no rule of law, that's the indicator of authoritarianism. In the US, if the FTC decides to block your merger or the government wants to split up a company, the company can bring the government to court, on a equal footing and argue it's case. That's not happening in China.