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starchild_3001 | 3 years ago
> So it’s exactly like the US.
Here's a bit of news for you. "China’s Global 500 companies are bigger than ever—and mostly state-owned" - Fortune https://fortune.com/2015/07/22/china-global-500-government-o...
Here's top 500 companies in USA. Do you know how many of them are state owned? I think that number is zero. https://en.wikipedia.org/wiki/List_of_S%26P_500_companies
Are chinese tech companies really state owned? Well they're mostly funded by the government based on this news article (venture capital), so they're at least in part state owned. https://www.businesstimes.com.sg/technology/in-china-tech-is...
"An executive at a Chinese search engine recently summed up the new dynamic: We're entering an era in which we'll be fused together. It might be that there will be a request to establish a Party committee within your company, or that you should let state investors take a stake, you know, as a form of mixed ownership. If you think clearly about this, you really can resonate together with the state."
Us government spending and support compared to these effort is miniscule. Yes, they have some green energy initiatives (e.g. Tesla, Solar City benefited from those). But in the big scheme of things, us public investment in tech is about zero.
Learn some capitalism, my friend :) Remember Chinese (state owned and controlled) capitalism isn't what we call capitalism around here. Chinese capitalism is a bit like "chinese democracy". Not quite the real thing :)
>> China: aiming to invade Taiwan
> China hasn’t invaded anyone for decades. US had.
Not every invasion is wrong. The world needs a police, otherwise bad guys create chaos. China? They think Taiwan belongs to them. Which is crazy if you ask 26M Taiwanese.
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