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'The Chinese government bans all new investment in Israel' (www.ynetnews.com)

submitted 1 day ago by geneva_convenience@lemmy.ml to c/worldnews@lemmy.ml

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Members of Kibbutz Hanita near Israel’s northern border are demanding $11 million from Ballet Vision, the Chinese fund that controls 80% of the Hanita Lenses plant, accusing it of refusing to exercise an option to purchase the kibbutz’s remaining shares, according to a lawsuit filed in Tel Aviv District Court.

In a response letter attached to the lawsuit, the Chinese fund said that since the outbreak of the war in Israel, Beijing has classified Israel as a “high-risk area” and imposed a ban on any new Chinese investments in the country, making it impossible to carry out the option.

According to the lawsuit, in 2021 the kibbutz sold 74% of Hanita Lenses, which manufactures intraocular lenses for medical use, to Ballet Vision for $35 million. Of that sum, $25 million was paid to kibbutz members, with an additional $10 million injected into the company.

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[-] Cowbee@lemmy.ml 35 points 19 hours ago

Not implying, stating. In China, they have direct elections for local representatives, which elect further "rungs," laddering to the top. The top then has mass polling and opinion gathering. This combination of top-down and bottom-up democracy ensures effective results. For more on this, see Professor Roland Boer's Socialism in Power: On the History and Theory of Socialist Governance. The government itself has no capitalists in the top positions either:

This system has achieved fantastic metrics, such as over 90% of the citizenry supporting the government. This also shows why perceptions around democracy are so much higher in China than the west:

So yes, the working classes do control the state in China.

[-] flandish@lemmy.world -1 points 17 hours ago

china may have good social programs and may be on the way to an idea to socialism then communism but they are still very much state controlled capitalist.

[+] sartalon@lemmy.world -18 points 19 hours ago

[removed by mod]

[-] RiverRock@lemmy.ml 23 points 18 hours ago

We have democratic elections in the U.S. too

Oh, really? When did we start doing that?

[-] ShinkanTrain@lemmy.ml 15 points 14 hours ago

Whenever they started People's Choice Awards

[-] queermunist@lemmy.ml 10 points 14 hours ago

We briefly experimented with the idea during Reconstruction and then quickly got rid of it.

[-] Maeve@kbin.earth 1 points 2 hours ago

I've been thinking about how the Union appeased the slavers by paying them reparations, 3/5 compromise, 13th Amendment, not burning the South to the ground and salting the earth behind them. This wasn't to regain unity but to continue brutal exploitation of whomever they could while having a tissue-thin veil of plausible deniability.

[-] senseamidmadness@lemmygrad.ml 17 points 17 hours ago

You're not helping yourself here. It seems like you actually know nothing about how China's government system works. Maybe try to explain it instead of just talking about the US.

[-] Cowbee@lemmy.ml 27 points 19 hours ago* (last edited 19 hours ago)

The US isn't democratic, the state is run by capitalists and the two major parties are subservient to capital. You can even see the effects of this with how low approval rates are for the government, and much lower perceptions of democracy. The reason the working classes in China can maintain such strong control over the state is because public ownership is the principle aspect of the economy, and the working class party overthrew the nationalists back in 1949. What part of what I said is "peddling bullshit?"