U.S. billionaire Elon Musk has agreed to sell a portion of Starlink assets to the U.S. Department of Defense, removing himself from decision-making regarding geofencing Ukraine’s access to the satellite internet service

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[–] [email protected] 9 points 1 year ago (2 children)

How does it work in China?

[–] [email protected] 15 points 1 year ago* (last edited 1 year ago)

Worked well enough for them to build 30-ish ghost cities the size of New York City, meanwhile we can't even get a single high speed rail built, anywhere in the country.

Regardless of the implications that might have on their economy all I can think is of the old proverb;

A kingdom that doesn't build doesn't remain a kingdom for long.

[–] ilikekeyboards 2 points 1 year ago (1 children)

That's their secret on how a rice farmer nation got to be a superpower. Keep the power close to heart and you won't get budged. Meanwhile USA privatised the whole army

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

They aren't a super power.

They have also released a ton of sectors back to being private over the years which has enabled them to compete on the global field, fix their economy and raise their QOL.

[–] [email protected] 4 points 1 year ago (1 children)

Released.. more like re-leased.

None of China's big business truly own their assets. The government no matter what has complete unilateral decision making on any private company owned in China. It's do what as your told, or fuck off. You only have autonomy so long as you go with the desires of the party. You step on their toes, that's it, they will force you out or force you to co-operate.

In fact the CCP has a large percentage of ownership in many "private" businesses, it's just very well disguised. It's why the communist Congress is full of rich fucks, they centralised the wealth and the power.

We essentially have a 2 party system. The government has the power, the big business has the money. As a result there essentially ends up being a lot of trading money for power and vice versa, because we never properly imposed and enforced rules and laws to prevent that.

[–] [email protected] 1 points 1 year ago

Dude look at what youre saying. The CCP has part ownership in a ton of private businesses

...in the comments...

About an article of the DOD buying part of a private company.

Capitalists scream bloody murder at communism/socialism/worker philosophy while they do the exact same fucking things.

Imo, the beef with China is that China is doing all the things that we do and we aren't used to sharing the court with the new kid.