House passes critical aid to Ukraine, Israel and Taiwan along with a TikTok ban

News@lemmy.world – 511 points – 7 months ago

House passes critical aid to Ukraine, Israel and Taiwan along with a TikTok ban

The House on Saturday passed a $95 billion aid package that includes two long-awaited bills with $60.8 billion of Ukraine aid and $26 billion in aid to Israel.

The Ukraine bill, which passed with 311 votes in favor, 112 votes against, and one present, will now head to the Senate alongside the Israel aid bill and two others — one with aid for Taiwan and another that forces Tiktok's parent company to sell it.

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And at the same time if you preach so much free market economics then you should just learn to live with it and don't buy the product if you don't like it

Please show me an example where I

preach so much free market economics

(If you don’t find one it’s because I never did.)

I think they were referring to the ones who voted to ban it

Exactly

Anything from China is anything but free market. Chinese companies are still owned by the state who practice state capitalism.

Don’t fall for the straw man.

It's not a strawman, commie.

They meant the argument you were responding to, the obvious strawman, and not what you said.

Free market for me but not for thee.

Yes, there is a trade war.

Don't be naive about NSA and US propaganda/surveillance.

There doesn't need to have NSA propaganda when China themselves say they are state capitalists and allow billionaires to flourish.

That's not true at all. China has state owned businesses and private owned businesses. You think the Boeing and Microsoft locations in China are owned by the CCP?

If you're being pedantic, you're right, but Chinese companies are still Chinese state-owned-- which Tiktok is.

that is bs with regard to the facts.

Cry about it. I can taste your tears from here.

So you acknowledge that you're disregarding facts and you're telling them to cry about it?

Tell me about it commie.

You've seemed to have lost any coherent point in what you're saying. Step back everyone, this person hates facts and knows it! What a badass.

Tell me more commie.

In the last several years, particularly under Xi Jinping’s rule, there has been an even greater attempt by the political leadership to increase their control over the private sector, reduce its political influence, and ensure its loyalty to the system. This has included expanding the reach of national security policies and regulations. For example, the adoption of the National Intelligence Law in 2017 requires all firms in China to accede to government demands to provide information and data as authorities deem necessary to protect China’s national security. It has also meant using carrots, such as providing industrial policy opportunities to private firms, and sticks, such as the regulatory crackdown on private Internet firms that started in late 2018 and recently concluded. Finally, the CCP has also stepped up efforts to directly influence the corporate governance of private firms, in some cases taking “golden shares” in companies, pushing private firms to form CCP branches (see Figure 3), and integrating firms into the burgeoning “corporate social credit system” (CSCS).

https://bigdatachina.csis.org/can-chinese-firms-be-truly-private/

Okay, here's a real article from Stanford actually explaining the breakdown of state owned vs private owned equity in China. And this is a "China bad" article, so you know I'm not cherry picking data from some bullshit website. https://sccei.fsi.stanford.edu/china-briefs/rise-state-connected-private-sector-china

No. There's privately owned industry in China.

Of course you'd lie.

It will never cease to amaze me that people can have the full power of the Internet at their fingertips and have the wherewithal to not look something up before saying something stupid.

Of course you'd deny.

In the last several years, particularly under Xi Jinping’s rule, there has been an even greater attempt by the political leadership to increase their control over the private sector, reduce its political influence, and ensure its loyalty to the system. This has included expanding the reach of national security policies and regulations. For example, the adoption of the National Intelligence Law in 2017 requires all firms in China to accede to government demands to provide information and data as authorities deem necessary to protect China’s national security. It has also meant using carrots, such as providing industrial policy opportunities to private firms, and sticks, such as the regulatory crackdown on private Internet firms that started in late 2018 and recently concluded. Finally, the CCP has also stepped up efforts to directly influence the corporate governance of private firms, in some cases taking “golden shares” in companies, pushing private firms to form CCP branches (see Figure 3), and integrating firms into the burgeoning “corporate social credit system” (CSCS).

https://bigdatachina.csis.org/can-chinese-firms-be-truly-private/

Part of maintaining a free market is regulations that punish anti-competitive behaviour.

Sucks for the rich, but I, the average consumer do not care about what some rich guy's stocks are doing. I will always go for the cheaper, more accessible, better product.