"Fascism should more appropriately be called Corporatism
because it is a merger of state and corporate power."
Chinese government looking at buying 'huge chunk' of Facebook shares
Big Brother is getting ready for that next "Great Leap Forward." The free flow of information to free people is deadly to the Ruling Elites of the world. The Facebook mass revolutions in the Middle East have frightened the power Elite.
One answer is, if you cannot stop technology then buy it, control it and keep a watchful Big Brother eye on the restless masses.
The Chinese government is looking into buying a stake in Facebook ahead of the social network's widely expected initial public stock offering in 2012 says the Los Angeles Times. The possible investment, which was reported by the website Business Insider, would land the communist government a "huge chunk" of shares in the Palo Alto-based company.
It is not an accident that the Chinese are looking to "invest" in the very information sharing system that has sparked bottom up revolutions in the Middle East. Be it the printing press, books, newspapers, TV or the internet, Dictators are always looking to control the flow of information. They live in fear the the people might learn the truth about anything.
Citing an unnamed source "at a fund that buys stock from former Facebook employees," the website said China wants an investment "large enough 'to matter.'"
A second unnamed source told the site that Citibank is looking to buy about $1.2 billion worth of Facebook shares for two different wealth funds --
- one belonging to the Chinese government
- another belonging to group from the Middle East
The Middle East! One wonders how many governments and oligarchs are pooling their money to try and re-gain control over their subjects. Governments must be careful. People could start thinking for themselves.
Officials at Citibank were unavailable on Tuesday to comment on the report. Facebook recently sold 225,000 shares, worth about $6.6 million, to the GSV Capital Corp. investment fund and added Reed Hastings, Netflix's chairman and CEO, to its board of directors.
Facebook, which is the world's most popular social media service, is believed to be worth as much $100 billion.
|China - the merger of state and corporate power. You can't say Mussolini did not warn you.|
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