The article doesn’t mention it, but it’s also difficult to bring their money with them due to strict transfer limits.
Rich Chinese paused their efforts to move themselves and their fortunes offshore during the COVID-19 pandemic, but quickly resumed their emigration after draconian restrictions on travel were lifted.
They’re draconian when they try to stop the spread of a deadly disease.
I’m sure China will suffer as they take their capital with them. Wait, I’m getting a bulletin, turns out it’s really difficult to physically move the machines used to produce value.
workers will have no choice but wander empty factories aimlessly until next season’s CEO trees bear fruit.
dealing a further blow to its economy
The large number of rich Chinese heading elsewhere could add to the strain on the nation’s fragile economy
MSM stop bootlicking rich people challenge: impossible
It’s incredible to see how American media has done so much to mystify capitalism that they’ve forgotten that workers actually do the work. They seem to have even forgotten that work even needs to be done.
If we define work/labor as human effort that results in the creation of value by transforming raw materials into a commodity (or an intermediaries that later become commodities) or providing services that allow for the continuation of human society, you kinda see why the disconnect exists.
Because many Americans do not produce commodities or intermediaries. They only consume.
Many Americans aren’t in service sectors that provide necessary functions for society to continue. They’re in finance, or medical billing, or collections, or FUCKING ADVERTISING, etc.
And no, I’m not saying “lol, making music isn’t a real job hippie!” I would absolutely lump creatives under necessary (once all the primary needs are met like sewage systems operating and being maintained etc.).
All the bullshit jobs, which oddly and coincidentally seem to possess the majority of people shitting on the necessary jobs (hmm), like working on Wall Street with fake money to spin up more fake money to eventually leverage against people and steal their possessions to add to the giant pile of capital… those are the ones who also are self-deluded into thinking THEY are the movers and creators of society, that without the finance bros everything would collapse! Oh no, imagine if a company voted on things instead of having a generational nepo baby own it and be the CEO- IMAGINE WHAT THE PLEBS WOULD DO!
It’s kind of classic noble/peasant dynamics where the noble class’ descendants lose all perspective and start to actually believe some god must have ordained their grandfather and not that their grandfather was just the luckiest or most brutal asshole at the time. Once they believe that they are the creators, that they are somehow special and more intelligent, it’s basically a wrap for them because they will inevitably undermine core components of the system they exploit but don’t understand.
I’ve been saying for a few years now that we’re in the Habsburg chin portion of capitalist decay. The system is run by the inbred failsons of failsons of failsons. They don’t understand and don’t care to understand the systems that have empowered them their entire lives. They only know the results they expect to get and are very angry when this doesn’t happen. Unfortunately that’s a very dangerous situation for everyone involved.
If we define work/labor as human effort that results in the creation of value by transforming raw materials into a commodity (or an intermediaries that later become commodities) or providing services that allow for the continuation of human society, you kinda see why the disconnect exists.
We do.
I wonder if in a few years there will be a regret story, like “millionaires move back to China because the US made them feel just middle-class” or “everyone thinks I’m a spy/covid-carrier”.
That’s only half of it, the most hilarious outcome would be if China then said “Fuck off gusanos, btw we expropriated your assets”
Oh no! What will China do when these superhumans that do the work of 1000 people leave? If 100 millionaires leave that’s like 100,000 workers leaving the workforce!
