159. Big Tech Trouble in China
This Machine Kills
00:00
The Ipo, the Ant Group, Was the Financial Arm of Alibaba, Right?
Finte is a financial firm masquerading as technology companies. They tend to offer their services in ways that allow them to escape regulatory scrutiny, and also to avoid limits how they're loaning the money. The company's business model would be part of a predatory lending scheme where people who are most likely to spend the most are not necessarily creditworthiness. And this is analogous toike, what we see with crypto, what wesee with a, the two thousand eight shadow banking, with the financial crisis and the shadow banking institutions behind them.
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