☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 months agoCK Hutchison will not sign deal to sell strategic Panama ports next week, sources saywww.reuters.comexternal-linkmessage-square4fedilinkarrow-up123arrow-down10
arrow-up123arrow-down1external-linkCK Hutchison will not sign deal to sell strategic Panama ports next week, sources saywww.reuters.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 months agomessage-square4fedilink
minus-squareconsidine@lemmy.mllinkfedilinkarrow-up3·2 months agoThis is the flaw in the hybrid socialist-capitalist system. Billionaires will sell out national interests. We’ll see if the government is able to rein in Hutchison.
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up6·2 months agoI imagine this is precisely why China’s been actively winding down the role of private sector which accounts for only 30% of the economy at this point. https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among
This is the flaw in the hybrid socialist-capitalist system. Billionaires will sell out national interests.
We’ll see if the government is able to rein in Hutchison.
I imagine this is precisely why China’s been actively winding down the role of private sector which accounts for only 30% of the economy at this point. https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among