sfphoto Post time: 2015-5-1 08:07
A country can be as rich as Saudi Arabia but if one family owns all the national wealth ...
Saudi Arabia is not the wealthiest country in the world. In normal countries the wealth is not focused on few individuals. In China the communist party members have stolen the national wealth from the people by army, police and corrupted court system.
mixamixa Post time: 2015-5-2 02:13
Saudi Arabia is not the wealthiest country in the world. In normal countries the wealth is not foc ...
In China the communist party members have stolen the national wealth from the people by army, police and corrupted court system.
When Zhou Yong-kang stole billions of yuan from State-owned Oil & Gas companies in China, it's called CORRUPTION. But when the Capitalist Class makes trillions of dollars from Big Oil in the West, it's called CAPITALISM.
If a servant in your house steals your furniture, that's bad. But if you sell your house to the Capitalists, that's CAPITALISM. Their idea is quite simple: if you don't manage your own house well by allowing your servant to steal your stuff, it's better to sell your house to the Capitalists who would then manage your former house for your own good.
If China had adopted the CAPITALIST system, then Zhou Yong-kang wouldn't even need to "steal" from Sinopec, CNOOC, CNPC or PetroChina. All he had to do is to borrow money from the CAPITALISTS in the West, do a LBO (Leveraged Buyout) using the assets of those target companies as collateral and he would have ended up becoming the CAPITALIST-OWNER of those State-owned companies. In the CAPITALIST West, this process of appropriating public assets for private gain is called PRIVATIZATION.