this post was submitted on 20 Mar 2024
216 points (99.5% liked)

World News

39163 readers
2554 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] youngGoku 26 points 8 months ago* (last edited 8 months ago) (5 children)

So how does China hold this man accountable without also holding themselves accountable?

Isn't it Chinese Communist policy that all businesses, especially a large one like Evergrande, has government personnel on the board of directors or equivelant?

Seems like if CCP had their hand in this cookie jar they should sanction themselves as well.

[–] [email protected] 11 points 8 months ago (2 children)

I can see them holding individuals in the party accountable. Not those high up, but someone might take a fall.

[–] [email protected] 2 points 8 months ago (1 children)

The guy getting charged was a high up member of the CPC.

I kinda expected a harsher sentence than a fine, a ban from the party, and ban from ever doing business again given that the guy not only defrauded millions, but betrayed the public trust.

[–] [email protected] 2 points 8 months ago

I do remember some guy embezzling funds from a rail bridge construction in China, causing a derailment that injured some people, being executed.

To be honest, if there needs to be a death penalty, it should be reserved for those cases. A single murder is reprehensible, but it is easy to get the wrong guy. If you do shit like management in Boeing, I wouldn't say it's unreasonable to execute the decision maker whose corrupt decision caused a plane to crash and hundreds of people to die.

[–] fne8w2ah 1 points 8 months ago

Basically, good luck expecting Winnie the Pooh to doxx himself.

[–] CosmoNova 8 points 8 months ago

Xi will either blame predecessors or the CIA. Whatever the case the lesson "learned" from this will be more government control and things will spiral down further.

[–] ChicoSuave 1 points 8 months ago (1 children)

Once of the hallmarks of Xi's China is the lack of political penetration into big business. They are still there but passive and removed from most of the business. This was a few executives with a massive ego for their ability to finance and build shit, except they didn't know how to finance and build shit - so it was a bunch of new guys proud that they could do their job. When shit hit the fan, no one knew how to do basic business like pay back loans or not borrow more money. China really only participated by giving money to someone they thought knew what they were doing.

[–] clutchtwopointzero 2 points 8 months ago

China does force large corporations to have party members as board members. Except that these party members might not know enough of business and finance to materially influence anything. Plus, when things are going well, why spoil the feast by bringing up risks and required controls? Better ride the wave and try to get promoted for business leadership excellence!

[–] [email protected] -5 points 8 months ago

That's really backwards thinking, but I'm sure you think you have a point.