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this post was submitted on 10 Aug 2023
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Except the Chinese government has way more control over their companies than the US government does. In fact, there has been an explicit push recently by the government to increase their control and ownership of companies. It's also consistent with how most large states operate, especially ones with a history of trying to control ethnically Chinese people outside of their borders.
That isn't to say that a ton of anti China sentiment isn't racist; it's just that one doesn't need to be racist make such a prediction. It's true that many people who hate China hate it for the wrong reasons, but that doesn't mean there aren't things to take issue with.
Sure but stereotypes are involved in what you think a state owned bank owning 1% of Tencent stock practically means, and what kind of hateful thing you imagine a government that operates on the willing cooperation of millions of people is going to do with it. You don't need to be racist to hate China, but there are a lot more racists than people who studied Chinese corporate structure and came to a rational conclusion about it.
I don't know what "willing cooperation" has to do with anything. The US government has the willing cooperation of millions and had the willing cooperation of a majority of Americans in the past. That doesn't mean the US government didn't do some of the worst shit ever during the peak of their popularity. It's also not like consent isn't manufactured in China.
If anything, it's my belief in the similarities of the Chinese and US governments that makes me think they would do hateful things with their power. People in China are the same as people here. I don't have a rose tinted view of people here either.
I wish my government kept companies in check a bit more than they do. I live in the UK where all the water companies are owned by hedge funds and they keep discharging raw sewage into all our waterways. I feel we could do well to take back some control from them.