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> China allows these billionaires to exist as long as they play ball and toe the party line, because China still owns a controlling share in every Chinese compa
by csomar 2y ago
> China allows these billionaires to exist as long as they play ball and toe the party line, because China still owns a controlling share in every Chinese company that exists.
That's not different on the West. At least in China you know how much the government owns. In the West it's decided every year by unstable politicians.
- killerpopiller 2y agowhat are you talking about
- cbg0 2y ago> That's not different on the West. It's entirely different, since this doesn't happen in the West. When did a billionaire get disappeared for re-education in the West last time? When was one forced to stop an IPO or sell their shares?
- codedokode 2y agoTelegram founder Pavel Durov had to roll back his cryptocurrency project after threats from US agencies (SEC if I remember correctly).