Wednesday, November 24, 2021


JPMorgan's CEO, Jamie Dimon, is the latest businessman to kowtow to China's communist party.  He did it because he wants the bank to operate in the country and its authorities are notoriously sensitive to perceived slights.  In this case, Dimon's remarks were that JPMorgan would last longer than China's communist party.  He knew better when he made the comment but he did it anyway.  Now he is bowing and scraping and apologetic.  Dimon, of all CEOs, should understand the lack of free speech in China.  The government shut down Hong Kong because it was too open in its criticisms.  It has imprisoned activists.  It tolerates no public demonstrations against the government.  Outsiders are subject to the same restrictions.  PR in China is targeted toward bureaucrats who have the power to end one's presence in the country at any time.  It is not fair nor liberal but that's the way it is.  


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