Thursday, February 18, 2016

Communist Stock Exchange

http://www.bloombergview.com/articles/2016-02-17/congress-is-wary-of-chinese-deal-for-chicago-stock-exchange

A company that is partially owned by the Communist government of China is planning on buying the Chicago Stock Exchange.  They want to gain greater access to American markets and get high technology for Chinese companies. 

Neither of those goals is good for the United States or for American companies.  This is typical of the deals that are signed with Chinese firms.  The Communist government owns some small portion of nearly every Chinese company.

That allows them to know everything that goes on in the company.  The Communist government than can help other companies, because they own parts of them.  The Communists can also use the company and their information and skills to further their political agenda; that's the view from the Hysterical Right Wing.

No comments: