Four Chinese Tycoons Just Transferred $17 Billion to Trusts

We're on the dawn of a brave era where the problem is exactly the same but this time they're Chinese.

China needs to begin liquidating their managerial assets iykwim (they won't)

A Socialist economy need not lack a National-Capitalist class for the development of the economy
Many other Socialist states like Cuba Hungary Vietnam Laos DPRK etc have also employed these models

Socialism Dosent mean "The abolishment of all private enterprise immediately" as Socialism is simply a transitional stage towards communism
There is no one size fits all Socialist economy that all socialist nations can implement

China's Socialist economy succeeds as it continues to help the nation develop productive forces and technologies and raise the standard of living of the population and progress towards communism

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all that Chinese surplus labor is going to flow into foreign real estate markets

I worked for a bank in the Cayman Islands, lowly, filing job. You'd be surprised how much money goes into these trusts from all over the world. Like the royal family of Bahrain had hundreds of millions in various trusts owned by family members. You'd also be surprised how much of this money is literally forgotten by people who put it there. Imagine forgetting you had an account in the Cayman Islands with $20-30 Million in it. After 10 years without being touched the forgotten money goes to the Cayman Islands government.

People laugh when I tell them that there is a world, parallel to ours, inhabiting the same space, but inhabited by people unlike us. For rich people (the really rich) borders and nations don't mean a thing. They have money in every major financial centre, they can easily up and move to a different country and any country would love to have them because they would spend millions on property and businesses to satisfy the requirement for fast track citizenship/residency. These people have control over sums of money that dwarf the GDP of a lot of countries. I've been to these people's yachts, with marble floors and water taps in the bathroom made from solid gold. They have so much money they literally, literally don't know what to do with it. They have more than they could spend in a lifetime. And trust me, they are trying.

People read headlines like these and are unmoved:
theguardian.com/money/2015/oct/13/half-world-wealth-in-hands-population-inequality-report

metrocosm.com/world-population-split-in-half-map/

businessinsider.com/worlds-biggest-landowners-2011-3

bostonglobe.com/metro/2017/01/18/rich-people-own-much-money-half-world-report-says/y6az3Wtasd5TIf9Q6k3I4K/story.html

commondreams.org/views/2017/06/12/now-just-five-men-own-almost-much-wealth-half-worlds-population

newstatesman.com/global-issues/2011/03/land-queen-world-australia

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Look up "visa investor plus new zealand". Millionaires afraid of WWIII are investing 7 million USD to obtain visas in NZ. I had to help two clients obtain such visas while working in a german law firm

There used to be a Kiwi that posted here and he promised he would welcome them with open arms.

Glorious