China’s tech terror means the end of the economic miracle
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By Ambrose Evans-Pritchard
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Beijing would like us to believe that the great purge of China’s technology sector is akin to Teddy Roosevelt’s subjugation of the US robber barons a century ago.
Roosevelt’s trust busters confronted the Rockefellers and JP Morgans of the era, breaking up Standard Oil, US Steel and the railway monopolies. His Square Deal is the best known of America’s episodic responses to overweening and abusive corporate power, each aimed at preserving the country’s Jeffersonian spirit and preventing the rise of an entrenched oligarchy.
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