- 17 Oct 2019 03:59
#15042612
Rich exploiting the poor is a feature of capitalism that existed long before our beloved CCP - this alone has no problem when economy was booming and our forefathers are getting lifted out of poverty. Not nowadays.
Don't get me wrong, Hong Kong's lawbook is quite mature - it is difficult to play with unless you have an army of accountants and lawyers and powerful connections working for you, that means the haute bourgeoisie...
China, on the other hand, the state intervene to stop rich assholes when they go out of hand or when they harm state interests, often by changing laws or arbitrary execution . Sometimes it is justified, sometimes not, but that’s something global capitalists have much trouble accepting.
Do remember however, China’s economy is much bigger and development stage disparity is huge, it’s a lot more difficult to apply country wide law without frequent “fixing”
Patrickov wrote:I agree that this statement is generally correct, although if the law is as "full of loophole" as my Fellow Hongkonger suggests, it would have been so easy for the rich to exploit everyone else that, the breaking point would have been reached long before now.
Rich exploiting the poor is a feature of capitalism that existed long before our beloved CCP - this alone has no problem when economy was booming and our forefathers are getting lifted out of poverty. Not nowadays.
Don't get me wrong, Hong Kong's lawbook is quite mature - it is difficult to play with unless you have an army of accountants and lawyers and powerful connections working for you, that means the haute bourgeoisie...
China, on the other hand, the state intervene to stop rich assholes when they go out of hand or when they harm state interests, often by changing laws or arbitrary execution . Sometimes it is justified, sometimes not, but that’s something global capitalists have much trouble accepting.
Do remember however, China’s economy is much bigger and development stage disparity is huge, it’s a lot more difficult to apply country wide law without frequent “fixing”
Society changes, politics changes, no ideology should remain stationary.