Chesapeake & Midlantic | 12/29/15 02:27pm
IPVM with a breaking story: Commies have an obsessive need to control information. We'll have more on this shocking development tonight at eleven.
On the plus side, security trade magazines would do really well there. On the negative side, so much for any real information or debate.
It might take a few years, but they'll get there...
NOTICE: This comment has been moved to its own discussion: What The Future Chinese IPVM Will Look Like
China is not a communist country. It is fascist. But I understand why many people often confuse the two. Both require state control of behavior and thought via one-party rule. Both claim to be implementing policies solely for the benefit of the average working man. But fascism allows private ownership of factories and real property, whereas communism keeps all productive property and real estate in the state's/party's control. China switched from communism to fascism under Deng "It is glorious to be rich" Xiaoping, who lead the transformation from a closed economy to a partially open one.
IMHO, we are fools to continue to do "business" with state owned and financed companies. Once the yuan is part of the SDR, their central bank will be able to print money just as our Fed does, but instead of it sitting idle in bank "excess reserves", it will likely finance unprofitable enterprises such as Hikvision and Dahua solely for the purpose of taking market share, maintaining domestic employment and, therefore, enhancing the political power of the Communist Party.
Great philosophical discussion. An interesting and very significant aspect of IPVM's "China Report" was the sense of entrepreneurship sprouting everywhere. I'd love to see that in America.
Without capitalism - there are no rewards to entrepreneurship. There is nothing wrong or sinister with creating something of value, and having the freedom to sell product or service.
You would have 1.4 billion subscribers ;)