Monday, August 23, 2021

The difference between Chinese billionaires and American billionaires

In China, the billionaires function at the pleasure of the state. If and when their interests are deemed incompatible with the interests of the state, bad shit happens. Check out this story from the Wall Street Journal; China hands death sentence to hedge-fund manager. 

In America, on the other hand, government functions at the pleasure of the billionaires. When is the last time you heard about a corrupt "asset manager" getting a death sentence in the USA?

The next time will be the first time. 


Who do you trust more, communists or billionaires?



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