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In America, the rich controls the government. In China, the government controls the rich.
(lemmy.ml)
this post was submitted on 17 Feb 2025
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Just the fact that financial crimes over a certain amount are punishable by death in China (and people have actually been executed for them) says a lot. It's a law that literally applies only to the rich because a normal person would never even get to glimpse the amount of money required for execution to be on the table.
The fact that rich people are routinely executed in China is one of the clearest indications that dictatorship of the proletariat has been achieved. And this is precisely why China terrifies the west so much.
That Australian number seems inflated by property. People bought houses 40 years ago for a handshake and a nod and now the houses are "worth" 2 million dollars or whatever. But if you sell your house you need to buy another one and they come in 2 sizes: million dollar family home or million dollar shoebox studio in the city.
So it's monopoly money.