China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly.
  • Camarada ForteA
    12•3 years ago

    If you want your national economy to develop, prevent monopolies from reigning the economy is essential. Since monopolies have a control over the flow of certain commodities, they can naturally increase their prices without increasing their value, and therefore extracting juicy super surplus-value. It’s the same thing imperialist bourgeois do with oil

    • Muad'DibberA
      7•3 years ago

      They really should. So many people use alibaba and alipay. This might be the first steps.

      • loathesome dongeater
        5•3 years ago

        Apparently digital RMB is being pushed because of Alipay and WeChat Pay dominating cashless transactions. So they at least have a plan of action.

  • SubversivoB
    8•3 years ago

    The proletariat dictatorship under a market socialism depends upon the bourgeoisie does not transform their economic power in political power.

    They are tacking Ma influence and Alibaba monopoly.

  • @CriticalResist8A
    7•3 years ago

    Is 2.8 billion dollars high as far as fines go? I’m trying to think of other times states hit companies with fines but can’t remember the amounts. What was the highest fine paid by a company to a government?