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China is still ruled by communism, the goverment has a majority share in every company. That's bad for entrepreneurs, but also means that they can have the ent
by daghamm 3y ago
China is still ruled by communism, the goverment has a majority share in every company.
That's bad for entrepreneurs, but also means that they can have the entire power of CCP behind them. There are tons of example where a small company started by stealing from western competitors then suddenly produced a huge pile of cash out of nowhere to bought those competitors and took over their marketshare in the west.
- jfim 3y agoDo you have examples of such companies? I'm curious to see which industries they were in.
- slowmotiony 3y agoThe boss of ARM China was fired by the company board, decided he has a different opinion on the matter, changed the locks to the office and just stopped communicating with the rest of the company. The chinese courts sided with him, then when SoftBank acquired them, the company staff just left, took all the IP and started a new company. https://www.semianalysis.com/p/the-semiconductor-heist-of-the-century https://www.semianalysis.com/p/the-semiconductor-heist-of-th... https://www.datacenterdynamics.com/en/news/ousted-arm-china-ceo-refuses-to-go-after-being-fired-again/ https://www.datacenterdynamics.com/en/news/ousted-arm-china-...
- ametrau 3y agoTo be fair it wasn’t actually retarded because no one could foresee China stealing arm’s IP.
- red-iron-pine 3y agois that sarcasm? China and stealing IP are like cookies and milk
- ametrau 3y agoYes it is sarcasm.
- nebula8804 3y agoMore like tea and baozi :P
- red-iron-pine 3y agoyoutiao and soymilk?
- nebula8804 3y agoYou miss 100% of the shots you don't take. China has taken that to heart lol.
- RangerScience 3y ago/Personally/, I’d attribute that more to authoritarianism than communism, but the two have been commingled since Lenin so it’s not necessarily an important difference.
- non-chalad 3y agoIsn't communism supposed to be achieved through authoritarianism, after which the state "withers away" [sic]?
- RangerScience 3y agoAFAIK (“Seeing like a State”), that’s specific to the Leninist modality. I very well could be misinformed, but, the book mentions essentially a moment where democratic-socialism was co-opted by authoritarian communism (Leninism), so that’s what the world ended up with.
- blackeyeblitzar 3y ago[flagged]
- defrost 3y agoWere, not Are ... from your own link: > Marxism–Leninism was the first official ideology of the CCP. Mao Zedong Thought was some time ago and since then various directions the CCP has taken have been criticized as being un-Marxist and a betrayal of basic Marxist values. The Authoritarian edge has always been there in the CCP, ebbing and flowing with the years .. but that part is distinctly un-(classical)-communism. Like Capitalism "Twue Communism" has never really existed, even the big names in modern "communism" have said on the record that they represent authoritarian "on behalf of the people" (sort of) socialist control as a neccessary means on the way to a true workers paradise (barf) .. you know, a classic bait and switch to mask a system being just another variation of top down control.
- 3y ago
- gloryjulio 3y agoWhile 'goverment has a majority share in every company' is very likely not true, but CCP does have control over the the companies whenever they want. They would force CCP member into the board and setup CCP organizations within the companies. Anyone who deals with China's companies would need to understand this. You are always dealing with CCP behind it
- djtango 3y agoI know it's not a dichotomy but I think these days I'd take that model over the opposite where behind every politician is a company and with government you are always dealing with companies behind it.
- qsort 3y agoThe CCP is communist like I'm Chinese. They're just run-of-the-mill nationalist authoritarians.
- daliusd 3y agoWhich communist regime has not been nationalist authoritarian? Yes, in theory it is different thing but somehow in practice it always ends up like this.
- lazide 3y agoWell, there is authoritarianism and then there ‘a spy in every phone, internet Great Wall, re-education camps, social credit score’ authoritarianism no?
- vondur 3y agoI would argue that the CCP is basically fascist at this point.
- staplers 3y agoLabels like these are arbitrary anyways. It's just about what is explicitly said vs what happens in the shadows. Take "fines" for example. They are the cost of doing business and never actually dissuade the behavior (in the USA). This in effect allows the government to act as a shareholder (fines = dividends) under the guise of domestic legal enforcement. Then they turn around and protect the same corporations intellectual and physical property abroad.
- hackerlight 3y agoThat's the autocratic Leninist party model, which is what enabled them to defy predictions that economic liberalization would lead to political freedoms. They are solidly state capitalist since Deng, and since Xi I would classify them as far-right revisionist and even possibly fascist, with a strong focus on order, aesthetic, collective responsibility towards nation, and restoring the homeland, where homeland is defined on ethnonationalist not civic nationalist lines.