this post was submitted on 22 Mar 2024
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But china doesnt claim to be a paragon of freedom unlike the united states. No one cares that china banned american social media becuase its expected. People care that america bans tiktok because its hypocritical.
Besides, tiktok isn't even "chinese", their government only has a 1% stake in the company while foreign investors(mostly american) hold 60% IIRC. Y'all can fact check me on that. This is an attempt by the American bourgeosie to force bytedance into being publicly traded so that Americans can have more sway over the companies decisions. This allows them to silence an alternative news source that often conflicts with their interests or make a shit ton of money if they give in and opem up to public trading.
The American bourgeosie is nervous about actually facing competition on the online market place. They've dominated it so long thanks to silicone valley and they got used to it.
I wholly agree with you first paragraph.
But the 1% stake the Chinese government has in ByteDance is a golden share.
From The Economist:
To what extent the CCP will exert control or what ByteDance has agreed to is unclear. And who knows if any of that matters.
The U.S. doesn’t claim to be a paragon of freedom for the CCP or Chinese-owned and operated enterprises lmao