Filing this under; Times capitalists tried to argue something that’s based isn’t based at all.
It’s absolutely hilarious. Their premise is:
Americans and Europeans who are, understandably, frustrated with their regulators’ lack of progress in reining in Big Tech shouldn’t be too impressed by how swiftly Beijing is bringing its tech titans to heel. Like many things in China, efficiency comes at the cost of law and due process.
and then they list the following examples
Beijing was not happy last year when some big internet companies invested heavily in apps that sell vegetables to local residents. That’s because the apps could replace the mom-and-pop vegetable stands where many lower-income people make a living.
Beijing also went after Ant Group, the financial technology giant controlled by the billionaire Jack Ma, partly because it believed that Ant made it too easy for young people to take out personal loans, building up social discontent.
In April, one government official spent 12 hours as a meal delivery worker, only to make about $6. That set off widespread discussions about how badly online platforms treated their workers.
What do all of these actions have to do with antitrust and curbing the power of Big Tech? Not much directly. But the companies and entrepreneurs are effectively telling the government that they know who the master is and that they need to do things that at least look as if they will reduce social inequality and discontent.
How does that illustrate efficiency at the cost of law and due process exactly?
China: imposes a bunch of restrictions to curb exploitation by and power of big corporations
NYT: What do all of these actions have to do with antitrust and curbing the power of Big Tech? Not much directly.
😂
“Good nutrition is actually bad for you.”
“quickly curing a pandemic is bad for society”
“War is peace.”
“There is only the force”
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Can someone share the content please? I’m hitting a pay wall. Thanks!
also check this article out https://archive.is/Lw3Lm
Great, thanks