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by anonuser123456 1114 days ago
> So many funds are already moving money to China and elsewhere.

Good luck to those investors. China has no established tradition of respecting property rights. It can change the rules of the game as it sees fit politically.

The only way to make it workable is to have some critical trading relationship that makes the cost of seizing property/money unpalatable.
1 comments
Razengan 1114 days ago
> China has no established tradition of respecting property rights.

https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United...

and that's against their own citizens.

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Our_Benefactors 1114 days ago
Are we really doing this?

https://en.m.wikipedia.org/wiki/Land_Reform_Movement_(China)

Landlords — had their land confiscated and they were subjected to mass killing by the CCP and former tenants, with the estimated death toll ranging from hundreds of thousands to millions.

link
anonuser123456 1112 days ago
You can fight civil forfeiture and not risk having your family sent to a work camp in the US.

It’s also politically very unpalatable to use it on businesses. Use it on a business and good luck getting re-elected as a prosecutor / police chief etc.

Is it used to suppress poor brown people? Sure. Is that a good thing? No. But it’s not really a barrier to investment.

link