this post was submitted on 02 Feb 2026
599 points (97.9% liked)
Technology
80478 readers
6281 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
But China isn't a crony capitalist country like America. The money is set up to always favour the government over there.
Things are the way they are in places like America because the government exists because of the billionaires (bribery, lobbying etc). In places like China, the billionaires exist because of the government (surveillance, prison sentences etc). This is most likely because Xi is driven by ideology, not greed.
The only way for the billionaires to take over China at the moment is to come together and start their own army to go to war. No way that's going to happen because wars are a drain on capital.
China is controlled by a group of wealthy elite people. The wealthy people don't need to make an army to take control just like the wealthy people of the US don't. You seem to be confused about how things really work.
I am sure there are interesting power dynamics between old and new wealth in China just like the US. As their wealthy class explodes so will their their proxies the corporation thus increasing their power to lobby. The fascist cycle repeats.