Thread by @BrankoMilan

From a Chinese independent video covering the Ant (Ali Baba) case (excerpts from 快看資訊). A very strong text.

If the unhealthy development of business enters a stage of monopoly, it will unconsciously devour all societal resources and cannot help make a quick buck from usury.

For example, in the United States, high-quality education and medical care are only provided to the elite, the bottom has sank further, and social strata solidify...The 40 years since China's “Reform and Opening Up” have completed 200-300 years of capitalist countries development

[But] 1,200 families in China now control 4,000 listed companies. This reflects a problem; China's wealth [inequality] is going to extremes. However, China is a socialist market economy and pursues common prosperity.

The country has set the course for "Equity first while protecting Efficiency" and started to shift away from the previous "Efficiency above all with attention toward Fairness”.

As this is a totally different path, it will not be possible for the 1,200 families that control 4,000 domestic listed companies to grow indefinitely. The basic canon now is that everyone are allowed to carry on business properly, but don't cross the line.

But Ali in the financial industry has crossed the line...If they [and other companies] don’t stay focused on the big picture [China devt] and, instead, are nostalgic of monopolist power and the quick buck be careful. They will taken care of one by one later.

The basis tenet of China's pursuit of equity resides in: The college entrance examination system, universal health insurance, affordable education, the healthy development of real estate, and not permitting people to be exploited by financial means and become flotsams.

Whoever touches these areas improperly crosses the line. After all, the country now seeks efficiency but, more importantly, seeks fairness.