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Drudge Retort: The Other Side of the News
Wednesday, August 04, 2021

China's crackdown on private enterprise has wiped out more than $1.2 trillion in market value for many powerful Chinese companies and stoked fears about the future of innovation in the world's second largest economy.

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Hey billionaires, capitalists: this is what authoritarians do. Get on the democracy bandwagon or risk losing it all!

#1 | Posted by FedUpWithPols at 2021-08-04 05:51 AM | Reply | Newsworthy 1

Which China?

#2 | Posted by sentinel at 2021-08-04 10:41 AM | Reply

Corporate 'Murica is fine with the GQP authoritarians control right now because they profit immensely from it. They are rolling the dice because it is profitable now.

What they lack is the vision that somewhere down the road, one of these GQP authoritarian fascist cult leaders will decide to take over the companies that they want for themselves.

Look at the march towards authoritarian control the past four years...the lying, the spying, the blackmail for manufactured dirt, the big lie, the attack on our 200+ year democratic succession process....by ONE MAN.

The big questions still remain:

1. What would have they done if they had gotten ahold of Pelosi, Schumer, AOC, Pence?
2. What would have the outcome have been if Pence had gone along and decertified the vote that had been recounted and examined ad naseum?
3. Who told the "tourists" to show up in body armor, right helmets with rebar, bats, pipes, guns, bombs? There were plenty of people who were there that just got hyped up by the lies and calls to attack the Congress, but these guys came prepared for battle.
4. Who paid for these people to come to DC?
5. Why were they meeting with Bannon and Stone in DC the days leading up to the attack?

It is just staggering to think about just how close America came to losing our democratic process for the whims of ONE MAN.

#3 | Posted by Nixon at 2021-08-04 10:51 AM | Reply | Newsworthy 1

Of course they are in chaos. Laissez faire and communism do not mix.

#4 | Posted by jakester at 2021-08-04 11:09 AM | Reply | Newsworthy 1

#1 | Posted by FedUpWithPols

Well said. The problem remains that the markets in the US only reward short term thinking. If you are a major global company and not moving things out of China or at least creating redundancy you are going to get caught with your pants down and I don't think it will be long. We are rapidly moving back to the China of the 80s and earlier.

China's backward slide is going to happen. Hopefully sooner rather than later too. But with nearly a billion and a half people it is going to be interesting. One can hope that sooner or later there will be a watershed moment where they throw off the dictatorship. The problem is that the network and media are so well controlled in China.

#5 | Posted by GalaxiePete at 2021-08-04 11:55 AM | Reply

#3 | Posted by Nixon

I almost wish they had got a hold of someone. It would have been much harder to minimize...

#6 | Posted by GalaxiePete at 2021-08-04 11:58 AM | Reply

Meh, 1.2 trillion? Wait till the chickens come home to roost on the pile of debt we created in the last year. You ain't seen nothing yet.

#7 | Posted by BellRinger at 2021-08-04 10:25 PM | Reply

Wait till the chickens come home to roost on the pile of debt we created in the last year.

What chickens? The US has been in debt for pretty much its entire history.

#8 | Posted by REDIAL at 2021-08-04 10:35 PM | Reply

Chinese innovators are welcome to move to America and bring all the state secrets with them they can.

PS please burn your former place of employment to the ground as you walk out the door.

#9 | Posted by Tor at 2021-08-04 10:36 PM | Reply

What chickens? The US has been in debt for pretty much its entire history.

#8 | POSTED BY REDIAL AT 2021-08-04 10:35 PM | REPLY

Not like this. And inflation is relative to the amount of money created out of thin air with absolutely no backing.

#10 | Posted by BellRinger at 2021-08-04 10:58 PM | Reply

"And inflation is relative to the amount of money created out of thin air with absolutely no backing."

Which President floated the dollar?
Which President opened China to US trade?

#11 | Posted by snoofy at 2021-08-04 11:00 PM | Reply

Not like this.

Well duh. The debt goes up all the time with deficit spending.

#12 | Posted by REDIAL at 2021-08-04 11:04 PM | Reply

"Wait till the chickens come home to roost on the pile of debt we created in the last year."

You didn't vote for The Debt King? The Electoral College did.
What did you think would happen?

#13 | Posted by snoofy at 2021-08-04 11:06 PM | Reply

You didn't vote for The Debt King? The Electoral College did.
What did you think would happen?

#13 | POSTED BY SNOOFY AT 2021-08-04 11:06 PM | REPLY

I didn't mention politics, you did. But as long as we're on the subject, both parties voted for this garbage.

#14 | Posted by BellRinger at 2021-08-04 11:35 PM | Reply

There were good Capitalists on both sides.

#15 | Posted by snoofy at 2021-08-04 11:41 PM | Reply

There were good Capitalists on both sides.

#15 | POSTED BY SNOOFY AT 2021-08-04 11:41 PM | REPLY

You're slow but you do catch on.

#16 | Posted by BellRinger at 2021-08-04 11:50 PM | Reply

#11 too spicy for you?

I'm not surprised. Nobody is.

#17 | Posted by snoofy at 2021-08-04 11:57 PM | Reply

Nah. That was actually on the bland side. I don't stick up for politicians on either side. I'm not that stupid and naive.

#18 | Posted by BellRinger at 2021-08-05 12:18 AM | Reply

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