Earlier this month, China& #39;s State Administration for Market Regulation issued the largest fine ($2.8 billion) ever levied against any corporation worldwide, against online retailer Alibaba.

That was just the first move in a dramatic week.

A thread: https://contention.substack.com/p/markets-beat-forecasts-workers-into">https://contention.substack.com/p/markets...
This is precisely what Alibaba was doing.

Note the cost of these reforms will come out of profits, not increased prices for customers.
What& #39;s remarkable, however, is how unthinkable any of this would be in the United States.
Here& #39;s why:
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