Interestingly, Uldis Sprogis has an article on China today at the American Thinker entitled China Is In Deep Trouble. According to Sprogis, Xi's need to control everything and everyone is driving money and investment out of China. At the same time, Xi faces competition from inside the CCP.
Xi Jinping’s crackdown on almost everything in China may be a sign of insecurity or tremendous fear of the monied business sector. Tencent and Alibaba were in the 10 topmost valuable tech companies globally in 2020 and today they are no longer on the list. 38% of the apps disappeared from the app market since 2018. China is about to ban offshore trading services, has not only cracked down on big tech but also social media, tuitions, and games. The crackdown was rationalized in the name of common prosperity, but it is more like a vendetta against businesses --which is causing foreign investors to flee China, making Chinese markets lose 1.5 trillion dollars. The crackdown on celebrities resulted in one social media influencer being fined $210 million.You can read the rest of Sprogis's article for more details. I wanted to point out that the Chinese Communist Party (CCP) isn't really a legitimate government as we understand what government is supposed to be. They are not about securing the rights of the Chinese people, or making life better. Which is why they have to steal technology and manufacturing methods. If they were about making life better for the Chinese, these things would naturally flow from the process. After all, the Chinese are a very intelligent people, and when left to their own devices, quite enterprising.
What the CCP is really about is power.
According to the Epoch Times in an article on China's "Gang Rules,"
According to Lu, many public comments call the internal Party regulations “gang rule” since the CCP is regarded as “a gangster” since it always deems itself as being greater than the country and it places its internal discipline ahead of state law.It is unfortunate that this "gangster government" has corrupted our own government. The Founding Fathers understood this possibility, leading George Washington to note that “Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action.” We have been all too compliant. But times demand we pay more attention or we may find ourselves again wasting blood and treasure.
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