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Thread: Anit-monopoly law passed!!!

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[quote=ERENCIUS,247370]Warcraft what you said is right but you forgot something.
These companies are hold by the friends of those who promulgated this law. Do you really think they ll "kick their friends ass"?
I doubt about it. Competition law has never been respected in China, it won't begin today. For what you said about foreign companies and its consequences: "till the common pulic can not bear it ,the government is in trouble". By now, foreign companies are not aiming especially at the entire Chinese population, later maybe if the standard of living increases. For now only the rich population living on the coasts are targeted because they are solvent.
You said: "our consuption capactity is tremendous". I would say the potential consumption capacity of China is tremendous. For now the most interesting part for foreign and Chinese companies, is that a great part of the Chinese people stays in this poor living condition to exploit them.
What you said on the effect of monopoly is true except in one case. It s better, if an activity is not profitable, that the state takes it in charge (even if it becomes a monopoly) because no private company can accept to do it in its place. The problem here is that the Chinese government only decided to monopolize very profitable sectors, which is really far from the basis of Communism ;).
Still the major loophole in the Chinese law system is not the central government but the local ones, more sensible to corruption. It is the local government responsability to implement the laws taken by the Beijing's authorities.
Some studies say that under 7% growth a year, China will implode because of social unrest, I guess we'll see. If it is really unbearable the population will react, but I doubt the government is in danger, they are completely isolated from the real world and they are not legitimate neither. Why shall they care about people's fate ? They just care Chinese glory no matter the costs and especially if they can save some money on the side.[/quote]

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