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China's Billionaire Crackdown


China is cracking down on billionaires and corruption. Following the landmark sentencing of Evergrande founder Hui Ka Yan (Xu Jiayin) to life in prison and the seizure of his assets, independent journalist Ben Norton joins Amanda Yee to break down President Xi Jinping’s ongoing anti-corruption campaign and how a socialist government disciplines capital.

Norton explains how in China, capital may create wealth, but the Communist Party maintains control over the steering wheel of the economy. And while Western regulatory systems often protect private oligarchy and corporate impunity, Xi Jinping since 2012 has taken aggressive action against high-profile tycoons and corrupt Party officials alike.



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