Comment by disgruntledphd2
1 day ago
> Not really. "State capitalism" really is misleading. China is fiercely capitalistic, far more than any modern Western country. The ruling party has an unspoken agreement with the population: you stay out of politics, and they stay out of your business.
I mean sure, unless you happen to be Jack Ma and are about to IPO your financial institution.
I was under the impression that he got got for the very political reason for his company being used to circumvent capital controls.