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Yogthos

China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions. Not quite nationalization, but a step in the right direction.

news.yahoo.com/chinas-governme

1 comment
Alesya Huzik

@yogthos
Why would you think that nationalisation is the right direction?? I lived in Belarus most of my life and n13n of businesses here is commonplace - and most of the time it leads to company doing worse in terms of products and services, and often to eventual bankruptcy. At the same time every time the government would sell something into private hands, it would often start doing better - untill the government would get jealous, put the new owner behind bars and nationalize it back again.

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