• Feb 20, 2023
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  China, relation of State and Big Business, versus relation with small companies

  
  

  Crackdown on Tech Sector seen as an anti-private sector movement. Trying to weaken the private sector.
  

  
  

  Is Peter Zeihan or Ray Dalio Right About China's Economy? - YouTube :
  

  
  

  Pushback against the Private Sector when it gets too big, when it no longer serves the State's interest, but at the same time, when it comes to small private sector firms, the government keeps talking about just how important they are to its vision of longterm prosperity.
  

  
  

  Not particularly in favor of large private firms because State loses control, the companies do things that we don't think are in the national interest, they exploit the effective monopoly that they have over the industries they've built up, but small private firms on the other hand, they are innovative, they are the ones that are responsible for driving employment in urban areas, they generate economic growth and specifically household wealth. Common prosperity. We need to give small firms the economic opportunity to succeed and to generate their own wealth.
  

  
  

  Big companies have become large land owners one way or another, and when the State says you have to give a rent holiday, they haven't been doing it enough. Vested interests.
  

  
  

  How wealth is allocated throughout the System.
  

  
  

  #China #Xi
  

  
   
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  <div>China, relation of State and Big Business, versus relation with small companies</div><div><br></div><div>Crackdown on Tech Sector seen as an anti-private sector movement. Trying to weaken the private sector. <br></div><div><br></div><div><a target="_blank" href="https://www.youtube.com/watch?v=bo9oA4T2zSM">Is Peter Zeihan or Ray Dalio Right About China's Economy? - YouTube</a> : <br></div><div><br></div><div>Pushback against the Private Sector when it gets too big, when it no longer serves the State's interest, but at the same time, when it comes to small private sector firms, the government keeps talking about just how important they are to its vision of longterm prosperity. <br></div><div><br></div><div>Not particularly in favor of large private firms because State loses control, the companies do things that we don't think are in the national interest, they exploit the effective monopoly that they have over the industries they've built up, but small private firms on the other hand, they are innovative, they are the ones that are responsible for driving employment in urban areas, they generate economic growth and specifically household wealth. Common prosperity. We need to give small firms the economic opportunity to succeed and to generate their own wealth. <br></div><div><br></div><div>Big companies have become large land owners one way or another, and when the State says you have to give a rent holiday, they haven't been doing it enough. Vested interests. <br></div><div><br></div><div>How wealth is allocated throughout the System. <br></div><div><br></div><div><a href="http://landandseajournal.com/post/hashtag/China"><a href="http://landandseajournal.com/post/hashtag/China">#China</a></a> <a href="http://landandseajournal.com/post/hashtag/Xi"><a href="http://landandseajournal.com/post/hashtag/Xi">#Xi</a></a><br></div> <br>  

  China, relation of State and Big Business, versus relation with small companies

  
  

  Crackdown on Tech Sector seen as an anti-private sector movement. Trying to weaken the private sector.
  

  
  

  Is Peter Zeihan or Ray Dalio Right About China's Economy? - YouTube :
  

  
  

  Pushback against the Private Sector when it gets too big, when it no longer serves the State's interest, but at the same time, when it comes to small private sector firms, the government keeps talking about just how important they are to its vision of longterm prosperity.
  

  
  

  Not particularly in favor of large private firms because State loses control, the companies do things that we don't think are in the national interest, they exploit the effective monopoly that they have over the industries they've built up, but small private firms on the other hand, they are innovative, they are the ones that are responsible for driving employment in urban areas, they generate economic growth and specifically household wealth. Common prosperity. We need to give small firms the economic opportunity to succeed and to generate their own wealth.
  

  
  

  Big companies have become large land owners one way or another, and when the State says you have to give a rent holiday, they haven't been doing it enough. Vested interests.
  

  
  

  How wealth is allocated throughout the System.
  

  
  

  #China #Xi
  

  
   

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