• redwattlebird @lemmings.world
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    6 hours ago

    The difference between Chinese billionaires and American billionaires is that the Chinese ones are owned by the government. To set up any company in China requires part government ownership of, I think, 15%.

    There is no way the billionaires are calling the shots, ever, while Xi is in power. As if he would allow what’s happening in America, happen in China.

    Remember what happened to the CEO of Alibaba? Jack Ma? When he became rich enough to potentially take over the country?

    • Doomsider@lemmy.world
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      1 hour ago

      Lol sure, they won’t be calling the shots. I think you forget how capitalism works.

      What happens when there are a thousand billionaires? The government is not going to round them all up. Naw, they are going to call the shots.

      Already corporations keep getting more and more regulations and laws written at their request. It is already happening and will continue to accelerate.

      Welcome to the fascist world.

    • lechekaflan@lemmy.world
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      5 hours ago

      There is no way the billionaires are calling the shots, ever, while Xi is in power

      Much like Putin and the Russian oligarchy, who they either play with him or be shown the window.