111
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Aug 2023
111 points (98.3% liked)
Technology
59414 readers
1162 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
IMHO, the one good thing China has done lately.
I don't know if that's really a good thing, but they have done quite a few decent things like cracking down on the rich for tax evasion (and using the billions "donated" by big corps to provide aid to the lower SES population), and the famous for grooming and sexual assaults. I'm no fan of an authoritarian regime, but there aren't many places in this world where the rich and famous suffer the consequences of fucking around.
I'm guessing its their way of emulating nordic style progressive wealth taxes without scaring their markets.
Well, the crackdown has definitely scared the market and wiped out more than $1 trillion worth of stock value. It's a fascinating case study of the fusion between communism and capitalism, as well as the convergence of centralized control and economic liberalism.