this post was submitted on 29 Mar 2025
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CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say (www.reuters.com)
submitted 9 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml
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[โ€“] considine@lemmy.ml 2 points 9 months ago (1 children)

This is the flaw in the hybrid socialist-capitalist system. Billionaires will sell out national interests.

We'll see if the government is able to rein in Hutchison.

[โ€“] yogthos@lemmy.ml 4 points 9 months ago

I imagine this is precisely why China's been actively winding down the role of private sector which accounts for only 30% of the economy at this point. https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among