John Fitzpatrick. About New China, the Koreas, Myanmar, Thailand, and also about Japanese and Chinese writers and poets. The main emphasis is on North Asia and the political tectonics of this very important, powerful, and many-peopled area.
Wednesday, 16 March 2011
China Banks, Corporations and the Economic Model
The Communist Party of China doesnt actually own the Chinese banks and corporations that are doing so well now on earth, buying our minerals and selling us IBM Lenovo computers, but it does have the Legal and Constitutional right to hire and fire all and any of the executives, and, obviously, to execute those who bring about any kind of giant corrupt failure. So, there's two models: The American/European Model where, when the bank and corporate CEOs fail through greed and corruption,you give them more money and cut back on health services, pensions, all infrastructure and education for a decade or two; or the China Model where you take them out and actually shoot the lying thieving bastards as criminals. I'm very fond of the China Model.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment