How China Is Taking On Billionaires and Big Tech to Combat Inequality, w/ Tings Chak

[@jeanlaikan8400]

When people own hundred of billions while some of their fellow citizens are homeless or go to bed with an empty stomach, is this democracy?

[@Cc-qc7fl]

It is because in a “democracy” everyone is an atomized unit & therefore only care about& can only represent one’s self. The homeless are a minority at the end of the day & the majority simply don’t care

[@stephenlock7236]

That's American democracy. A classic dystopian form of inhuman governance.

[@atanvardo5730]

When the right to feed, the right to have a roof, the right to wear decent clothes, the right to have a good education, the right to justice, the right to be treated as other are treated and the right to health assistance are not democratized, can we call it democracy?

[@yeetman4953]

​@@atanvardo5730its the economy not politics.

[@JazzYachtrocker]

@@yeetman4953the economy is politics

[@seanlee3863]

China: govt cracks down on billionaires US: billionaires cracks down on govt

[@widodoakrom3938]

True

[@AMOS2809]

Billionaires crack down on workers.

[@atanvardo5730]

@@AMOS2809 Yes, the workers are the ones who billionaries ultimately crack down.

[@ProLim580]

Workers are happy & supporting CCP.

[@COMMIE1949]

Add India as well alongwith US

[@JohnSmith-il6kk]

"Oh no, not the billionaires!"🤣 She is brilliant in explaining things. Very informative. 👍

[@FrostRare]

LMAO you’re telling me that Elon Musk might have to postpone the impending bankruptcy of the Boring company by another five years? Take my shoe laces cus I think Im suicidal!

[@hamizanyunos1502]

I don't understand why people think that means the state somehow becomes socialist. If a king crackdown on its aristocrats that doesn't mean the king is pro-peasant. It is same with a capitalist state like China willing to regulate corporate titans does not necessarily mean they are pro-worker.

[@turtlesoup8134]

@@hamizanyunos1502 Actually, China IS pro-worker.

[@the1onlynoob]

@@hamizanyunos1502 Socialist is a transitional phase. In traditional theory, if the state is controlled by a dictatorship of the proletariat and makes policies for the masses then it is socialist making the transition to communism.

[@hamizanyunos1502]

@@the1onlynoob This is a video from Cuck Philosophy which explains why according to Marxism, the state cannot exist alongside true socialism: kzbin.info/www/bejne/qIO7p4Srep6rhZY Additionally I want to say that while I agree that China is not capitalist in a sense that the capitalist class does not control the state like in Western Europe that doesn't make it socialism. This is a false dichotomy.

[@demonridera]

I think China gets little credit for their biggest innovation and that is how to adapt to change and manage the well being of the society and environment. Many would love to live and work in China if they knew better

[@snslifestyleorg]

There are already about one million foreigners working and living in China: kzbin.info/www/bejne/Z4Dala2Hf8d-Y8U

[@wongcy713]

" live and work ..." That what make the leaders of the West crap in their pants ( Biden already did that). In the past people from South and East had always looked to the West for new ideas leadership . The West had been adorare people from other part of The world. Now there competition.

[@HoneybeeAwning]

and most of these governments can't even manage 90 million people imagine a billion? They're just ridiculous, China has done very well for the amount of people it has.

[@thug4lyfe]

My main worry of working in China is that I cannot compete with the capable people there 😢

[@WillI-ls6or]

@@walkerpublications4418 This question has pre-assumptions.

[@bozidarsicel3884]

China's accomplishment on eliminating poverty has to be regarded as one of the most remarkable achivements in Humanity.

[@yeetman4953]

with capitalism

[@bozidarsicel3884]

@@yeetman4953 And in one Party system. Proof that western democracy is obsolete. Western Capitalism and Democracy is tool for fixing entire society in favor of rich. That's why in US there more and more poor people and hungry kids.

[@ianoliver3130]

In just 50years, Chinese economic system has lifted 1.2 billion people out of poverty so that it is about to become the economic powerhouse of the world. In the same time period the standard of living in the USA of the average citizen has declined! - 50 million people are without health insurance, 5 million people are homeless, 1 in 4 people are on food stamps,30000 children are admitted to hospital each year with gun shot wounds and USA incarcerates a highly proportion of its population than any other country in the world. It is a failed state -it can't look after it's citizens.

[@gerardon8343]

No. With socialism

[@kimsim6757]

SocioCapitalism

[@Ac_a]

I looked up Deng Xiaoping’s quote on capitalism and found this boss a55 quote. “The United States brags about its political system, but the President says one thing during the election, something else when he takes office, something else at midterm and something else when he leaves.”

[@StopBaizuo]

Deng Xiaoping knew that the president in the United States counts for nothing. So this phrase was just to show how much better the Chinese system was. In political science it is a common thing to look good.

[@misterhill5598]

Hahahaha... It is so true.

[@daniellove162]

The advantage of being appointed instead of elected is you only have to hear out a few of your peers at the top. You don't have to listen to all the peons who often have selfish opinions.

[@ewalker1057]

Same with Congress. Americans vote for very few of those in government that control their lives.

[@112313]

the american political system allows for the election of totally unqualified morons. while in the chinese system, you have to be a qualified administrator with a certain level of education to even get in the front door., so, as someone brainier said: the americans has politicians....and the chinese has governance. (or smt like dat).

[@mystictraveler8642]

Such a great segment. You never see Americans think like this. Great guest. Great discussion.

[@ewalker1057]

They did post the Great Depression and the 1960's.

[@ongyewleng4718]

China will be a force for world peace. It doesn't interfere in other countries. It doesn't seek hegemony. It only seeks trade and JV projects for win win benefits.

[@Fomites]

This is a great refreshing perspective on modern China. I have been visiting China since 2003 and spend a lot of time there as well as having family there. This video is consistent with my observations of China. We need to work with China and not fear it.

[@sellomeko9906]

True brother the West has planted a very destructive seed

[@lukuanvx]

She is really good at telling the story of China. President Xi should hire her to face the western journalists.

[@stephenlock7236]

The greatest challenge that China faces against the rogue US regime is not military or technology but its psyops efficacy in the English speaking world.

[@souka720]

Yeah right. President xi needs to go around hiring journalists to debunk stupid propaganda from the west. Xi can use his time better than this...duh

[@Zerpentsa6598]

The emphasis of Xi is on action and results. Talk is cheap. Results speak for themselves. Yes, she is good, but western governments and media being what they are, the moment she becomes an employee of a Chinese media company, they will dismiss her as a mouthpiece of the Chinese government. As a researcher working in an institute and an activist for social justice , she's more effective.

[@joaoerasme]

these series on China are so informative and necessary Rania, thank you!

[@cabreram.4734]

There's a documentary by Australian John Pilger called "The coming war on China" I'd highly recommend it. Check it out and share if possible for those who are oblivious to the issue. (later for more insight check out "The War You don't See")

[@drakekoefoed1642]

tings is great

[@zehrajafri9252]

China and President Xi deserve great respect from everyone because there following a path that can be extremely helpful in creating a world where there is less inequality, misery and war terrorism, a better balanced planet that can continue to survive.

[@daniellove162]

And the Wiegers don't appreciate the idea of converting for the common good of China instead of their selfish religious practices.

[@drummonkey9291]

A wonderful world where I'm told what information I'm ALLOWED to look at. A wonderful world where I'm told which social media I'm ALLOWED on.. A wonderful world where any criticism of a leader is met with brutal punishment.. no thanks. Keep it. ❤️ China but despise the CCP!

[@walterchin8832]

Ms Tings Chak explanation of "common prosperity" means in China is excellent and to the point. In the US their is no such thing as "common prosperity" is only for the 1% on millionaires and billionaires.

[@yeetman4953]

lol as if china is being honest

[@Zerpentsa6598]

The west is allergic to any mention of "common". Smacks of socialism which, as you know, is a dirty word in the US.

[@Zerpentsa6598]

​@@yeetman4953 You are really shallow and brainwashed.

[@DariusSarrafi]

How dare China succeed and help out other countries?!

[@thomaschan8205]

Tings Chak thanks for giving the correct picture of why the Chinese government cracked down billionaires and on big tech and education companies.

[@willchu]

Thanks for bringing Ting back on. She's awesome!

[@mikebacchus5421]

Smart move by China to let billionaire pay back to the people they made their Billions from. Love your show Rania

[@stephenmorrell6669]

Always learn something from Tings. Thanks Rania.

[@varivavariva6045]

Extreme income disparity is something that all governments should work hard to resolve

[@atanvardo5730]

Which is very difficult, not to say impossible, in capitalism.

[@LordNuDTru141]

INDEED! WORKING ON IT AND WITH A SWORD TOO! @@atanvardo5730

[@uhu597]

A billionaire losing 70% of his wealth is still filthy rich though. It's smart of him to try to look for new business opportunities that also fulfil social responsibilities.

[@turtlesoup8134]

even if their wealth is reduced to 0, they will still be ok. They are billionaires because they are resourceful and capable people. They can take care of themselves and does not need the pity of others.

[@ewalker1057]

Government shouldn't be entitled to 70% of anyone's income. That's how America ended up with the pendulum swung in favor of the wealthy. They have nothing to do with government spending more on war than on the country and Americans. Government must be held accountable for how they spend.

[@therealdeal2163]

@@ewalker1057 when you are rich , how did you come by that wealth ? , Did you do everything yourself ? Or did you use the resources and laws of the nation you live in to become rich ? If you did shouldn't you give some of it back to that nation ? No man is an island ...to create wealth we need the community , no man can create wealth on his own except when he digs it out the ground but even the ground is part of a nation .

[@Ateshtesh]

Yup, anyways that government plan didnt come from one to another day. I mean it was part of the 5 years plan, and the companies knew it would happen with enough years of antelation. Then Im sure that entrepreneur had that plan B developed in advance and just continued with its business until the government measure got applied. Then after that just applied his pla B. Of course this last part its just speculation from my side, though

[@widodoakrom3938]

True

[@woodytobiasjr8265]

I love everyone of your interviews, this one is particularly excellent.

[@360architecturalartsaerial5]

I'm so totally in love with you two!! Righteous women rocks!

[@LordNuDTru141]

I AM VERY MUCH LISTENING TO CHINESE WOMAN! DO SPEAK, YOU HAVE MY EAR!

[@zmacdoom]

Beloved sisters, Raina and Ting, thank you so very much for your erudition and for sharing your wisdom.

[@annafan6434]

Your guest is so young, intelligent , who has a great insight about China based on her research, first hand experience! In contrast most of journalists or politicians are so biased, they should feel shame if they have a chance to watch your interview! Great job ladies! I am following both of you now

[@Zerpentsa6598]

"Journalists" in the west are employed for their "personality" and popularity rather than knowledge, understanding of the relevant issues, wisdom and ability. That's why you get so much BS being spouted on western press and TV screens.

[@anthonydietrich9581]

I liked her calm articulate and charming approach to your not so easy questions

[@t.h5823]

you guyz are doing a great job, please keep interviewing the relevant people, whose intentions are not malicious but to inform the world with pure truth

[@stephentsang9194]

thanks for elucidating this very misunderstood topic. hope to see more of Ting as she is very convincing and can drive many off the fence

[@hglavina908]

This is one of the most interesting conversations I've heard on KZbin.

[@dkmark7802]

I would never know about the connection between Ms Tings and Brazil, and as a Brazilian myself I can reassure about this sentiment that she said about. We have, know, more than six hundred thousands of deaths and yesterday the Health Minister said that is better lose life than liberty (do dead people have liberty? I don't know) and during the pandemic the "democratically elected government" only disrupted the minimal health/prevention policies that some local governments did (even the barriers in airports), so this sensation the she described is very very true

[@Zerpentsa6598]

There's a saying, "a live chicken is more free than a dead lion". A live chicken can go where it likes. A dead lion can't even run away from vultures.

[@StopBaizuo]

This is a Top guest! More of these kind of interviews.

[@Tristandii]

Great work, Rania!

[@henryyip1]

we love Rania & Tings 💕💕💕💕💕💕💕💕💕💕

[@HxH2011DRA]

Thank you again ladies, these interviews between yall are always lovely

[@elcamaradaperez]

I can listen to Tings all day long. Great Interview!

[@ong4288]

They are both amazing 😻

[@bozidarsicel3884]

Watching and listening these two young charmung and highly intelligent and brilliantly informed ladies about the topic at hands, was really very informative and pleasurable. 👏👏👏👍👍👍🎉🎉🎉✌️✌️✌️

[@Albert_Einstein_not]

Tings is simply great. Thanks for sharing

[@itssanti]

This shows you that policies matter, good for China...I was worried about the ridiculous amount of wealth accumulation by chinese billionaires...Redistricution is key to have a healthy and balanced society.

[@dr.zoidberg8666]

Yes, China took an interesting gamble under Deng Xiaoping. Essentially the idea was that China could simultaneously protect itself from a USSR-style cold war _and_ rapidly develop their country by enticing the greed of foreign capitalists. In this way, China was able to essentially import a gigantic amount of foreign wealth without enslaving itself to the IMF or World Bank -- quite the contrary, they put themselves on the geopolitical high ground by capturing much of the productive capacity of their major competitor: the US. The fear, naturally, has been that this strategy would lead China down the "capitalist road" as Mao said. What's interesting to me now is that the CCP has not lost control to the capitalists & are now able to countervale capitalist influence & power in their society. The danger is certainly not over, but it will be absolutely fascinating to see how Xi's "socialism with Chinese characteristics" strategy unfolds.

[@widodoakrom3938]

True

[@yiquny]

There is a big difference in dealing with "inequality" in China and in the USA. In China, people want equal gain with equal contribution; in USA, some people want gain with no contribution.

[@hannibalyin8853]

This channel in a nutshell: a woman that is cute, lovely, beautiful, logical, intelligent, and has a good sense of humor at the same time. AND YOU HAVE TWO OF THEM!!! I juuuuuust couldn't get enough of this. this is a BLISS I could watch my goddess right here talking all day every day.

[@LordNuDTru141]

CANT WAIT TO MEET MY EXCEPTIONAL BEAUTIFUL CHINESE WIFE!

[@justinwatson1510]

Could we get China to bring democracy and freedom to the US? Please?

[@anarchisttechsupport6644]

Nobody can restore what was always a lie.

[@levelazn]

democracy is an means an end. India has democracy and is no where near china in terms of development in any metric. Good governance is more important than democracy

[@questworldmatrix]

You have plenty of freedoms in the US. What you lack is earnest responsibility and discipline towards community and the betterment of it. And I don't mean in some God fearing Footloose kind of way. I mean us in the Philippines we interact with transgenders and flamboyant gay people and nobody gave a crap about public bathrooms and such nonsense.

[@anarchisttechsupport6644]

@@questworldmatrix Is personal discipline the solution? For many it is. But that alone does not explain the problem. You could say that some elements of our society have cultivated the exact opposite of such discipline. I would point you to the video from BadEmpanada from within the last 24 hours. The title is roughly about "what inspired the Nazis." There you will find a history of the United States of America in which Whiteness is codified specifically to be *above* the need to consider the rights of others. And today, this other includes refugees, transgender people, black citizens already here, the indigenous people we pretend are gone, the entirety of Latin America... Where Social Conservatism makes sense? Is in cultivating the discipline to walk with dignity *anywhere,* by insulting no one Where Social Conservatism has been twisted, or warped in the US? Is where it demands that *everyone* follow *their* prescribed way of life. But lets be honest - that cultural current has been here since the British began their colonies. Whiteness within the United States is a Cancer of entiltement beyond a lack of discipline. Wish me luck in convincing my fellow pale-skin Settlers to abandon the trappings of such undisciplined, unempathetic, childish behavior.

[@weiskl887]

Short answer No. China doesn't have a saviour mentality. Interfering in other countries domestic affairs is Imperialist. China would help if asked but would never go around the world telling other countries how to live and what to think.

[@kapa1611]

i like what Chomsky says about the threat of China: the threat is, that they will not be intimidated (unlike Europe) xD

[@daniellove162]

​@Class is Fundamental - Automation has displaced more workers than China has, yes. Though it is silly to limit most of your production pipeline to one country. The ONLY reason US Capitalists looked to Chinese manufacturing is China could exploit far more workers than US companies could.

[@cabreram.4734]

X3: There's a documentary by Australian John Pilger called "The coming war on China" Check it out and share if possible for those who are oblivious to the issue. (for more insight afterwards check out "The War You don't See"). ✌️

[@Zerpentsa6598]

The lazy always sees the diligent as a threat.

[@jennyohara4011]

Western countries: colonise, pillage and loot poorer countries for decades or even centuries and after independence don't pay any reparations while trying to loot even more through forcing them to open their economies and seeing them as pawns in their game Poorer countries: establish normal relationships with China Western countries: surprised pickachu face

[@johnchurch7892]

You young ladies have aired one of the best descriptive dialogues in simple language that people can understand without bias. Thank you both for responsible take on the issues you brought to light. Awesome.

[@Jazzmarcel]

Very informative! I think that the rise of China which were hoping will REPLACE the racist imperialists might offset the merciless oppression by so called western countries ......as a side note, I just couldn't help but notice how beautiful both of these women are!

[@timsalomons8527]

Thumbs 👎on red china n democratically china better n like hong kong had n Taiwan is today

[@timsalomons8527]

Oops 👍 agree on the ladies

[@khunmikeon858]

@@timsalomons8527any chance you could include a verb or 2 in your comment so English speaking people could understand you?

[@xiaoboqiu7415]

Great interview and very informative!

[@freon500]

Enjoyed sitting in on the conversation. Thank you for posting.

[@anthonychun72]

awesome conversation. thank you!!!

[@cristianoisabel5585]

Tings Chak é um fenómeno!

[@dlfields8429]

I'm gonna really need for the U.S government to mind their own biz wax for once. This is getting ridiculous. A homeless man died this week because he was exposed to severe cold conditions. This should never happen in the wealthiest nation on planet earth.

[@Zerpentsa6598]

As you know, wealth in the US (and UK) is heavily concentrated in the hands of the elites.

[@greenguerrilla]

I have known of Rania Khalek but never watched this show. Great guest, just subscribed!

[@turmen6655]

Both China and the US have anti-monopoly laws, but China has more than just anti-monopoly laws，It is understandable that capital would resist the Chinese system because they can no longer influence politics through the power of money

[@therealdeal2163]

Which is a good thing.

[@widodoakrom3938]

Right

[@aclassmedicine3306]

Nice balanced reporting. Much appreciated.

[@professoreilers]

Greetings from South Africa BRICS + with appreciation.

[@chankane]

You speak my mind..... Thank you for expressing it all.....

[@mikemooney9124]

Excellent analysis from this lady, never heard of Ting before but she's very articulate... we might need to hear more from her.😉

[@ellengran6814]

How are people getting rich ? They need a good idea + natural resources + labour-force with right education + a way to get to the marked + a way of markeding + houses for the labour-force etc etc. Why do some people believe their idea gives them the right to all surplus from the product, leaving no money for education, roads etc. ?

[@cheesypuffs1342]

there's no money left for education, infrastructure, or even human dignity under the extreme rent extraction of neoliberalism. heck, most of the civil liberties supposedly guaranteed & protected by the constitution gets steamrolled by the corporate greed of globalization

[@woodytobiasjr8265]

True wealth is only created through labour.

[@SameerGuptacatchymango]

There’s a reason why companies prefer exploiting human labour - when a human breaks down, you don’t have to repair them. You don’t have to house and maintain them either, which for robots you have to do.

[@transsylvanian9100]

@@qjtvaddict Robots are just another form of industrial machinery, and machinery by itself has never created value, only labor can do that.

[@jxmai7687]

@@qjtvaddict Benefit from Robots is lower production cost, end up should be lower product sale price, use it well also can benefit to every one.

[@rajkapoor490]

This interview has left me with a better understanding of how China is improving. Thankyou

[@gordonfreeman8109]

Yes, it's long been time for the PEOPLE'S Republic of China to return to it's roots!

[@androphobe]

I'm loving your interviews!! Keep up the good work

[@liaojohnweechun7454]

Thats was a beautiful and great Talk Interview about China.The Lady have won a New Fan. Jiayou.🥰

[@baddudecornpop5226]

Thank you so much for presenting this! I heard about it awhile back, but never got current news!

[@michaelscott1060]

Great work, thank you Rania and guest.

[@tyn6211]

Government subsidizing companies that make wealth (not just money), and de-prioritizing companies that extract wealth.

[@anandjoshy532]

This is great move by China. Yes, this is crackdown against wealth inequality, and all aspects of too much individual wealth and better distribution. Keep at it China. This is the right direction.

[@taooflifekenpo]

such a good interview , I learned so much . I can now argue my point with friends . lol

[@PravashLama-i9g]

Soooo blessed to hear the truth from two brilliant ladies. Please bring Professor Keyu Jin too into your dialogue. Thank you Rania and Tings for your great information. Highest salute and respect to both of you.

[@julianclover1663]

China has a classic mixed economy such as existed in the UK and US from the 50s through to the 70s. It was one of the most successful times economically and sociologically that both countries have ever experienced. The 100% private ownership model has been a disaster for the UK which is becoming one of the most backward and unequal countries in Europe. Maybe this is true for the US as well.

[@debralegorreta1375]

Spending a dollar on the poor increases prosperity a lot more than spending that dollar on rich which by definition already have enough. Diminishing marginal benefits of profits. DUH.

[@SuhandiWijaya]

I wish BreakThrough News eventually will have collaboration with Brian Berletic from The New Atlas channel.

[@shaundudley4576]

Yes I find his fundamental principle that democracy starts with sovereignity and national self determination and ends without it to be very powerful and perhaps not sufficiently emphasized even in anti imperialist perspectives. I would like to see him engage with more sophisticated leftists like Vijay Prashad to perhaps provide a more complex and or complete view of imperialism. He needs to up his Marxist chops too.

[@SuhandiWijaya]

@@shaundudley4576 yes, the more dialogue the better the nuanses are, and also good experiences for them to exchange point of views.

[@ruipengli3969]

Thank you for these informative talks. Please continue your important work✊🏻

[@markpovell]

This is yet another exemplary episode from Break Through News with a breadth and depth of content that one rarely finds anywhere else in 'alternative media' and if one does it is very unlikely to be delivered in a way that matches the professional and thoroughly engaging way that both Rania and Tings do.

[@williamc9578]

On China crackdown on billionaires, most apparent with the Tech Sector, a couple of things Westerners will find it difficult to understand are: A) In Socialist China, Capital actually has a lot of lattitude to allocate resources and develop Product & Services, BUT, Capital is a tool, and ultimately it has to serve the people, not control or enslave them with lifelong debt, threat of bankruptcy, homelessness, destitution. B) In Chinese culture, wealth is pursued and celebrated, but there also need to have balance. Common Prosperity is an exhortation to shift towards this balance. It isn't everyone gets equal pay no matter your effort or output, but a "more fair distribution of wealth". A healthy society is not one where the capitalists have 50-90% of the wealth & resources of the country, but one where the entire population has social mobility and opportunity. This can only happen when people have the ability to build equity for themselves, their families. As such, there's no utility for a billionaire to have his 14th luxury mansion, or his 3rd private jet. But all these excesses, can have huge multiplier-utility if it is in hands of 10000 families.

[@northpond6733]

Good! Learned a lots. Thanks you two.

[@kmtgoddess7793]

LOVE U BOTH EPIC INTERVIEW

[@demonridera]

Tings is pretty, articulate and intelligent. Great analysis 👍🏼🌻

[@shafiqytube]

Wow! Such a misconception about China... Where west is lloting people's money in all sectors mostly in education sector. No wonder USA cannot stand some country use wealth for fair distribution for public welfare.... Love your show and Tings Chak is highly knowledgeable.. Right away subscribed to your channel. Will see her some postings as well... Good work for public knowledge

[@lucasfranca4543]

I would hit the like button 1 million times if I could...

[@kitdesilva]

Bezos: "common prosperity?????? noooooooooo ...."

[@FrostRare]

🤣 Bezos: come on… 15 bucks is enough to buy yourself a Starbucks latte and a snickers. Get in my warehouse and box up my $h!t!

[@sirjamesgray]

the poor must rise up against the elites

[@fannyalbi9040]

the same when the poor rose up

[@sirjamesgray]

@@fannyalbi9040 what

[@theswordofkings7549]

Tings!!!👍Thanks

[@thomashunter5645]

China is trying to create a more equitable and just society thru common prosperity. Long live the great leader Xi Jinping.

[@prashanthkumar7586]

Chinese people love the CCP. Xi Jinping is like god to them.

[@tsedekeasefaerkobo7331]

Thank you very much doing nice things for africa 🌍

[@pauljewell5469]

Good luck paying back that debt Africa. China owns you now

[@balkanleopard9728]

It's lovely to hear rational discussion about China. Thank you both. The comments about changing cultural perceptions is interesting. I grew up in an era of Gregory Peck, Cary Grant, Grace Kelly, Breakfast at Tiffany's (with it's cringeworthy depiction of a Japanese landlord) and the US Moon landing. And now that's all gone. The US brutality in Indochine, as it was then known, was brought home by US and British mercenaries on R&R and attitudes started to slowly change. For good or bad, a sea change is happening - and truth will out.

[@overseeingeye]

“China's accomplishment on eliminating poverty has to be regarded as one of the most remarkable achivements in Humanity.” | Something the Anglosphere will deliberately ignore; they will continue picking on China with their usual talking points…

[@acrien]

Regarding ANT financial, it was highly risky lending practice and would be illegal in the US and Europe. What they were doing was Alibaba had alipay system (similar to Apple pay) where people put money into their alipay account so they can pay for everyday purchases. The digital payment system is 80% of all transactions in China do there are tons of money sitting with Alibaba. They created ANT financials to lend this money out while giving users 4 to 7% return if they keep their money in the account. But because the money generally moves from one alipay account to another, the real money doesn't leave Alibaba so they can infinitely lend money without collaterals to back up the lending. It is highly risky for the average family if ANT financial fails, and there are no rules to audit or restrict Albans because they are not a bank (i.e. apple pay doesn't follow banking rules). This also gives powers to Alibaba to do large investments by lending that money to themselves and start to take over other industries, which is why it was the largest IPO in history as investors are banking ANT to go into other industries and dominate with that much capital. Which is also the reason why Chinese government is moving rapidly to digital currency to prevent private companies to take over this space and put people's money and lives in high risk situations.

[@BezalelTitheBarnTrustLLC]

Very eloquent and clear in explaining the chinese position.

[@wongchanthong]

Super program by 2 amazing ladies. Big salute to you both

[@jumpman22cn]

So well stated what’s happening here. 👍

[@larrysherk]

This is not a "crackdown" on capitalism, but a management of its excesses, which amount to robbing the poor to pay off the already rich. In the West, we are confused and think capitalism should mean the right to make unlimited amounts of excess wealth, rather than simply the right to live comfortably. If we want everyone to live comfortably, there have to be limitations on the excessively powerful.

[@vonduus]

Great interview, thanks!

[@HaraldinChina]

I've noted too, how every much needed regulation of any industry is called "crackdown".

[@Zerpentsa6598]

Yes. In the west, it's called "regulation" or "consumer protection". 😅

[@aetiusflavius3853]

Well done, ladies!

[@georgewilliam6318]

Those billionaires are the roots of inequality.

[@WhatIThink45]

I am planning to study how China is progressing towards socialism. I once had a debate with a friend regarding why China had to open up to capitalism to increase production for its population and the rest of the world. I also appreciate that the Chinese Communist Party does not permit billionaires to have any control or influence over politics in China. If true, it is a significant aspect of the socialist transformation.

[@paulng2094]

she is very good. we need more people like her who can articulate so well in english.

[@LordNuDTru141]

INDEED! HER ENGLISH IS PERFECT! MY CHINESE? NOT SOO MUCH!

[@WhatIThink45]

@@LordNuDTru141, I wonder if she grew up speaking English because she speaks fluently and easily uses idiomatic expressions.

[@LordNuDTru141]

I dont think so...she has learned it! @@WhatIThink45

[@wuhui]

Great discussion ladies. Well done

[@markmahan38]

Oh nice to see Tings on BT. She and her partner of Dongsheng. Have been doing a thing with Daniel Dumbrill for quite some time.

[@PaulaGem]

An anecdote from the '60s. I was in a school with three grades per 30 person class. We took a "standardized test". The teacher (who was also the "principal" of the school.) decided to "discuss" the results of the "standardized test". The lowest and the highest IQ scores were written on the blackboard. I felt sorry for the "lowest"... we all knew who he was. I was also embarrassed by the "highest"... because it was equally obvious that that was me.. myself.. All children are a gift from G-d. Even if IQ is not dominant there are other skills that should be equally valued. Every person on G-d's green earth has a right to live a fulfilled life and have healthy and happy children.

[@LiLaoda9]

Ms Chak is absolutely brilliant! She’s incredibly smart, knowledgeable, informative and objective! Well done Rania 👍😊for the interview!

[@lawrencemccoy]

Thank you, both...

[@gulliegulliver4546]

Thank you, excellent conversation.