Commentary China’s political leaders fear the power of their ultra-wealthy Big Tech CEOs and react to the threat with political persecution. But in the United States? Not so much. The old adage, “Money is power,” is proving to be much less reliable these days than it used to be, particularly in communist China. Just ask Jack Ma. Berating Beijing Will Cost You Ma, the billionaire (or one-time trillionaire) founder and head of internet giant Alibaba, is—or was—the richest man in China. It’s estimated that Ma’s net worth was over $1 trillion. But his riches didn’t serve as well as he might have thought they would, or could. On Oct. 24, 2020, Ma made the mistake of being critical of China, and by extension, the Chinese Communist Party (CCP) that runs the country. Ma publicly stated in Shanghai that China “lacked a functioning financial system” and that Chinese banks were run …
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