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Quote by: dixon  LOLOLOL!!!! How can they socialize a private company when according to you they are all owned by the government? Nobody here is arguing what Chinese government can or cannot do. They are a dictatorship and can do as they please. This doesnt change the fact that while you claim they espouse public ownership of business, in the real worl China has undergone the most massive privitization of business in the last 20 years the world has ever seen. |
Was that a serious question?
Of course they can socialize the company if they own it, that was the whole point. They say instead of having a 30% share of your company (read majority private ownership / investment), we now have a 100% share in your company. This is the intrinsic definition of modern socialization.