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There is this recent example https://www.theguardian.com/business/2026/aug/20/evergrande-founder-jailed-life-fraud-hui-ka-yan https://www.theguardian.com/busine

• gruez 1mo ago
  Which seems exactly like the sort of thing an authoritarian regime would do to placate the masses. Make an example of some big boss, but conveniently fail to fix or even acknowledge the issues that led to the crisis in the first place. In the example of the property bubble, it's domestic financial repression making real estate the only option for savings, and local governments being hooked (heh) on land sales to fund their budgets. The whole system was designed to pump up property prices and drive a bubble.
  • deleted 1mo ago
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  • deaux 1mo ago
    That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. They try to fix the issues and rightly jail the CEO. To act as if he was just an unknowing cog in the system is nonsensical.
    • gruez 1mo ago
      >That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. Except you know, all the incentives for keeping the current system in place. Financial repression still exists. Same with the local government funding model. Also the government's intervention was arguably what led to the crisis, by abruptly disrupting real estate companies' cashflow. The problem needed to be solved, but in typical CCP fashion, rash decisions made the situation worse. Same as with the one child policy. Finally, what makes you think meta "haven't tried to fix the issues"? They're trying very hard with age verification :^)