Policymakers abroad: on Corporations


Xi Jinping: Purge capitalist excess; business must heed state guidance

Xi Jinping is waging a campaign to purge China of capitalist excesses. China's president sees surging debt as the poisonous fruit of financial speculation and billionaires as a mockery of Marxism. Businesses must heed state guidance. The party must permeate every area of national life.

The crackdowns are also making business harder and less rewarding. The party had been creating a regulatory and legal framework, but Mr Xi is imposing big top-down changes so fast that regulation has started to seem arbitrary. Consider, for example, "tertiary redistribution", in which shamed tech companies hand over cash to the state in an attempt to redeem themselves.

Source: The Economist on Foreign Influences: "Rife with Danger" Oct 2, 2021

Liz Truss: I would not do the corporation tax hikes

POLICY: Scrap corporation tax rise

DATE & PLATFORM: July 15, online Q&A

SHE SAID WHAT? I would not do the corporation tax hikes because I think it's vitally important that we're attracting investment into our country.

Source: Politico blog "Truss manifesto" on Foreign Influences Sep 1, 2022

  • The above quotations are from Foreign Influences on United States Policy.
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Page last updated: Sep 29, 2024