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0 points309448363y ago0 comments

>China banning American services is to the detriment of Chinese users and competition in China, there's no reason to emulate censorship.

This is not true. China financializes everything, and pumps capital into projects at rates unseen and unmatched in the history of the world. There is plenty of competition, as evidenced by the fact that China has apps that are fare more efficient and feature rich than anything in the US. See: WeChat.

0 comments

7 comments · 4 top-level

bigcat123456783y ago· 3 in thread

> China financializes everything, and pumps capital into projects at rates unseen and unmatched in the history of the world.

Evidence please?

I have long been suspicious of China's financial strategy, and had not found satisfactory sources on this topic.

30944836OP3y ago

https://www.tandfonline.com/doi/full/10.1080/03085147.2020.1...

bigcat123456783y ago

""" Such processes of capital market development are often described as important characteristics of financialization processes. And while not yet on par with highly financialized economies such as the United States """

So this means China's financialization is unmatched? Yet the statement suggest US financialization is superior to China?

What do you want to express with this citation?

bigcat123456783y ago

Nah, the title itself is too propagandist. What the hell is "authoritarian capitalism"?! Corporations are all authoritarian, to facilitate individual control of large resources owned by the corporation. Capitalism is just a nice term to coat the brutal underlying profit seeking gangster. Corolally, there is no such idea of liberal capitalism.

adventured3y ago

> as evidenced by the fact that China has apps that are fare more efficient and feature rich than anything in the US. See: WeChat

You just confused a claim of fact with a personal opinion.

"Efficient" and "feature rich" are close to meaningless when thrown around like that. You can't actually support what you said because it's very heavy on being subjective.

Feature rich is corporate speak for: bloated with garbage that's unnecessary.

dchftcs3y ago

WeChat has more features than WhatsApp but probably not the Facebook ecosystem. It's also far-fetched to say it's "far more efficient", given Facebook has to serve many more users and doesn't seem slow.

stefan_3y ago

If there is so much competition, why does it all end up in WeChat, the fucking AOL of apps?

j / k navigate · click thread line to collapse

0 comments

7 comments · 4 top-level

bigcat123456783y ago· 3 in thread

> China financializes everything, and pumps capital into projects at rates unseen and unmatched in the history of the world.

Evidence please?

I have long been suspicious of China's financial strategy, and had not found satisfactory sources on this topic.

30944836OP3y ago

https://www.tandfonline.com/doi/full/10.1080/03085147.2020.1...

bigcat123456783y ago

So this means China's financialization is unmatched? Yet the statement suggest US financialization is superior to China?

What do you want to express with this citation?

bigcat123456783y ago

adventured3y ago

> as evidenced by the fact that China has apps that are fare more efficient and feature rich than anything in the US. See: WeChat

You just confused a claim of fact with a personal opinion.

"Efficient" and "feature rich" are close to meaningless when thrown around like that. You can't actually support what you said because it's very heavy on being subjective.

Feature rich is corporate speak for: bloated with garbage that's unnecessary.

dchftcs3y ago

stefan_3y ago

If there is so much competition, why does it all end up in WeChat, the fucking AOL of apps?

j / k navigate · click thread line to collapse