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Evergrande: China property giant and its founder accused of $78bn fraud (www.bbc.com)

submitted 8 months ago by filoria@lemmy.ml to c/worldnews@lemmy.ml

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[-] pudcollar@lemmy.ml 102 points 8 months ago* (last edited 8 months ago)

If a billionaire is in actual trouble, he's in China. US would have bailed out Evergrande.

[-] Gradually_Adjusting@lemmy.world 36 points 8 months ago

I have pretty severe concerns about how the Chinese government operates, but this is one thing they do right.

[-] Crikeste@lemm.ee 17 points 8 months ago

I have pretty severe concerns about the way the American government operates.

[-] skozzii@lemmy.ca 9 points 8 months ago* (last edited 8 months ago)

We have traded the literal genocide and opression for corporations performing economic genocide and opression on us.

But hey, aren't billionaires cool?

[+] Jax@sh.itjust.works -10 points 8 months ago

Yeah, well, I like having rights so we'll just have to accept that everything can't be perfect.

[-] n3m37h@lemmy.dbzer0.com 10 points 8 months ago

You know the majority of the world has the same if not more rights than you. Take Canada, I can go to any hospital without worrying if I will become bankrupt. I can own the majority of firearms this world has to offer and if I get pulled over, the police can not legally rob me because the money I have on hand isn't drug money unless there is difinitive proof that it is.

[-] orcrist@lemm.ee 5 points 8 months ago

I don't understand. You think that if the United States stops bailing out mega corporations and starts to enforce laws on white collar crime, that we will also lose civil rights?

Or maybe you're trying to say that while the US has many faults, at least it's not as bad as China. That is of course true, for some of the people some of the time, but certainly not all of the people all the time.