Can’t say I agree with the blanket finance ban, considering how many Chinese technocrats and professionals are western educated with their heads full of the most egregious neoclassical nonsense
Sounds like a good way for heterodox Marxians who are more likely to be self-educated to get shafted while Chinese crypto bros can carry on because they have a bullshit decree from the University of Chicago
Perhaps, but I suspect the way this will be enforced will be better than that. I honestly suspect this won’t be as harshly enforced as some people imagine, but really will just be used as legal justification for suspending channels that are spreading straight up scams and conspiracy nonsense.
Like rather than going through the legal rigamarole of proving that a flat earther channel is conspiracy garbage just suspend them for not actually being an astronomer.
The Chinese government could create an accreditation that those crypto hucksters would not qualify for. Similar to ABET accreditation for science and technology degrees.
Yea especially considering mainstream economics is junk. So you can say bullshit like “unemployment is good actually”, “regulations are bad”, “welfare must be cut” as long as you have a econ degree?
A Marxist-Leninist state should just ban the intentional spreading of that kind of blatantly wrong “economics theory”. Literally, filtering out capitalist nonsense so the people don’t have to deal with capital’s bullshit is one of the purposes of massive federal government censorship of the country’s media access and regime tools like China’s alleged Great Firewall. Anyone talking about economics who isn’t a Marxist should be deplatformed in a socialist state context. No one wants or needs to hear their misinformation.
Finance explains why bonds that pay $100 per year for 10 years with a principal of $1000 might be worth $1386, or how a cereal company can purchase grains 6 months from now for a specific price today and what that price is, or why options to sell Nvidia stock for $200 in 6 months might be worth $22.75, or how a business can raise money or how you should manage your savings. Basically, it covers borrowing and lending money to support future activities and generally there are equations to calculate prices. Everybody wants to get rich quick and easy so fraud is easy under the guise of giving financial advice.
Economics is supply and demand, why inflation, class relations. The main fraud here is bourgeoisie tricking the proletariat into thinking everyone has equal rights, class doesn’t exist, and that they will probably be rich some day. Neither fraud should be allowed.
Can’t say I agree with the blanket finance ban, considering how many Chinese technocrats and professionals are western educated with their heads full of the most egregious neoclassical nonsense
Sounds like a good way for heterodox Marxians who are more likely to be self-educated to get shafted while Chinese crypto bros can carry on because they have a bullshit decree from the University of Chicago
For every one moderately successful Marxist streamer there’s like 10 crypto hucksters with five times the followers. I’m fine with this.
What happens if 5 of those crypto hucksters happen to have finance decrees and know how to hide their scams behind academic language?
The Chinese left loses the Marxist streamer and the remaining crypto frauds gain the shiny veneer of government backed credentialism, hell of a risk
Perhaps, but I suspect the way this will be enforced will be better than that. I honestly suspect this won’t be as harshly enforced as some people imagine, but really will just be used as legal justification for suspending channels that are spreading straight up scams and conspiracy nonsense.
Like rather than going through the legal rigamarole of proving that a flat earther channel is conspiracy garbage just suspend them for not actually being an astronomer.
I really hope that’s the case
The Chinese government could create an accreditation that those crypto hucksters would not qualify for. Similar to ABET accreditation for science and technology degrees.
Yea especially considering mainstream economics is junk. So you can say bullshit like “unemployment is good actually”, “regulations are bad”, “welfare must be cut” as long as you have a econ degree?
depends on how its enforced ig.
A Marxist-Leninist state should just ban the intentional spreading of that kind of blatantly wrong “economics theory”. Literally, filtering out capitalist nonsense so the people don’t have to deal with capital’s bullshit is one of the purposes of massive federal government censorship of the country’s media access and regime tools like China’s alleged Great Firewall. Anyone talking about economics who isn’t a Marxist should be deplatformed in a socialist state context. No one wants or needs to hear their misinformation.
Removed by mod
Finance explains why bonds that pay $100 per year for 10 years with a principal of $1000 might be worth $1386, or how a cereal company can purchase grains 6 months from now for a specific price today and what that price is, or why options to sell Nvidia stock for $200 in 6 months might be worth $22.75, or how a business can raise money or how you should manage your savings. Basically, it covers borrowing and lending money to support future activities and generally there are equations to calculate prices. Everybody wants to get rich quick and easy so fraud is easy under the guise of giving financial advice.
Economics is supply and demand, why inflation, class relations. The main fraud here is bourgeoisie tricking the proletariat into thinking everyone has equal rights, class doesn’t exist, and that they will probably be rich some day. Neither fraud should be allowed.