Comments by "Louis Giokas" (@louisgiokas2206) on "Shenzhen’s $14 Billion Empire Collapses: 500,000 People Grieving, Suffering Total Investment Losses" video.

  1. If I remember correctly, Jack Ma got into trouble precisely because he pointed out the inadequate nature of regulation of the financial system, including shadow banking.
    26
  2.  @petergray2712  Thanks for clearing that up for me. I really appreciate it.
    1
  3.  @petergray2712  Thank you for clearing that up. I really appreciate it.
    1
  4. So, an "Oriental philosophical value investment theory". Sounds suspiciously like socialism with "Chinese characteristics". When will the Asians realize that the systems like capital investment are not "western" or "oriental". They were not developed with any region, race or ethnicity in mind. The same is true with socialism. Both have evolved and morphed over time, not based on the race or location of the people practicing them, but due to forces and innovations that have nothing to do with race or culture. Marxism is an internationalist doctrine. Concentrating on socialism with Chinese characteristics is actually national (and thus racial) socialism. That has been tried before. It was in Germany, and the party there was called the National Socialist German Workers Party, or Nazi Party. Actually, the current system in China shares a whole lot with the Nazi system. There is the mixed state controlled and private capital economy, with the trend toward more and more state control (the parallels are scary). There is the racial component. There is the threat of war to bring people of the same racial background into the fold. There is total centralization of power in one individual and the elimination of all other political forces. There is the total suppression and control of the population and the heavy use of propaganda. The parallels are striking. So, if you see anyone peddling financial products, or anything for that matter, with some sort of racial, ethnic or regional emphasis, RUN AWAY!
    1