For all you geniuses who hate capitalism, read this one and remember that America has a significant advantage globally because the American dream is alive and well. https://www.wsj.com/...
@jackmurphyrgr
Jack Murphy on x
When they speak publicly about China's economy, many of the big names in American finance pretend that the Party merely hovers in the background, like a benevolent and invisible hand. https://www.washingtonpost.com/ ...
@claritytoast
Nate Anderson on x
Xi Jinping personally pulled the rug on the largest IPO in history because Jack Ma said regulation was holding back tech development. Can't think of a better way to prove Jack Ma's point. That statement wouldn't even register as controversial here. https://www.wsj.com/...
@brucefenton
Bruce Fenton on x
In a truly digital, cypherpunk world, governments would have no more power over the financial lives of their citizens than World of Warcraft guild masters have over players. Digital citizens will use digital money across borders & with reduced government involvement. Voluntary ht…
@niubi
Bill Bishop on x
Regulators earlier met with strong resistance to efforts to rein in Ant from the company's financial backers, reflecting the support Mr. Ma has had from individuals in China's top political and business echelons, according to a person familiar with the matter https://twitter.com/…
@niubi
Bill Bishop on x
Mr. Xi, who read government reports about the speech, and other senior leaders were furious, according to the officials familiar with the decision-making. Mr. Xi ordered Chinese regulators to investigate and all but shut down Ant's initial public offering, the officials said http…
@lingling_wei
@lingling_wei on x
When Jack Ma criticized Chinese regulators in an Oct. 24 speech, he so angered President Xi Jinping that it doomed Ant's IPO. with @jingyanghk “In the new era, having too much personality is too dangerous,” says @ChorzempaMartin https://www.wsj.com/... via @WSJ