• "I'm not willing to say that all corporations are autocratic, but certainly they do not have their own rule of law or social contract with the citizens.

    "Increasingly the US is becomming a hybrid system, where if you exist in the physical world you have laws that apply to you and you have a judiciary that metes out whether it's being broken by the US government that you vote for, or vote against, but you're part of that process.

    "Where in the digital world, the virtual world, which is increasingly a large part of the economy, increasingly a large part of our social interactions, where we get information from, increasingly a large part even of our personal and national security, actually the government doesn't exercise sovereignty over that space. These corporations do. And the rules that the corporations apply to those virtual spaces are determined by those coprations. ... a radically different place than we've ever existed before, either as citizens or consumers." - Ian Bremmer



     

  • Some 'focussed protection' advocates signed this white paper.

     
  • China repositions government philosophy

    Before, China was allowing some individuals to 'get rich first' with big companies, but now is shifting to 'proserity for all.'

    It's expected the CCP will have more say in companies and companies will have to fall in line.

    Xi recently said people should shun 'unreasonable' or 'excessive' income, and that the rich should 'give back to society more.'

    This means lower education costs, caps on the commission ride share companies can take (done through transport ministry) to keep transportation costs lower, and higher wages for workers.

    China is also going to do a 'consumer data' data privacy internet bill.

     
  • China has 400m in what they call their middle class

    ... and 1b in poverty.

    China has to find a way to stop social unrest through government, it is thought, when the gap between haves and have-nots increases too much.

    The poor have to pay more for basic staples, energy, and middle class can't move up because asset prices are moving quickly.

     

Comments