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Comment by Barrin92 | Hacker News Reader

Because as Milton Friedman pointed out, don't do to yourself what you do to an enemy in war. China banning American services is to the detriment of Chinese users and competition in China, there's no reason to emulate censorship.

If data harvesting was a genuine concern you might as well ban Facebook and every other social media app while you're at it. It's just hysteria and nationalism.

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But China already bans tons of American services from Google to Twitter, no? And otherwise makes the regulatory burden so incredibly onerous it's very difficult to operate (e.g. LinkedIn) for some tech companies when they want to build up domestic champions

There's no hysteria here, and surprise, most nation's act out of self-preservation or with interests of their citizens, or what you call nationalism.

> If data harvesting was a genuine concern ...

It is, and that is what is going on here, with TikTok the beginning. EU is also helping here, so kudos to them. Hopefully Discord next.

>China banning American services is to the detriment of Chinese users and competition in China, there's no reason to emulate censorship.

This is not true. China financializes everything, and pumps capital into projects at rates unseen and unmatched in the history of the world. There is plenty of competition, as evidenced by the fact that China has apps that are fare more efficient and feature rich than anything in the US. See: WeChat.

> as evidenced by the fact that China has apps that are fare more efficient and feature rich than anything in the US. See: WeChat

You just confused a claim of fact with a personal opinion.

"Efficient" and "feature rich" are close to meaningless when thrown around like that. You can't actually support what you said because it's very heavy on being subjective.

Feature rich is corporate speak for: bloated with garbage that's unnecessary.

If there is so much competition, why does it all end up in WeChat, the fucking AOL of apps?

WeChat has more features than WhatsApp but probably not the Facebook ecosystem. It's also far-fetched to say it's "far more efficient", given Facebook has to serve many more users and doesn't seem slow.

> China financializes everything, and pumps capital into projects at rates unseen and unmatched in the history of the world.

Evidence please?

I have long been suspicious of China's financial strategy, and had not found satisfactory sources on this topic.

https://www.tandfonline.com/doi/full/10.1080/03085147.2020.1...

Nah, the title itself is too propagandist. What the hell is "authoritarian capitalism"?! Corporations are all authoritarian, to facilitate individual control of large resources owned by the corporation. Capitalism is just a nice term to coat the brutal underlying profit seeking gangster. Corolally, there is no such idea of liberal capitalism.

""" Such processes of capital market development are often described as important characteristics of financialization processes. And while not yet on par with highly financialized economies such as the United States """

So this means China's financialization is unmatched? Yet the statement suggest US financialization is superior to China?

What do you want to express with this citation?

Good luck winning a war if you're not censoring your enemy's propaganda.

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