276. Chinas Zombie Economy and Capital Crackdown

Published: Aug. 18, 2023, 11:48 p.m.

b'We start with a visit to that smart city we all love, New Orleans, and see how the police department\\u2019s facial recognition surveillance is going. Then we revisit China, this time to lay out the broader conditions of its zombie economy and attempts by the state to reassert its power over capital by enforcing discipline on the tech and real estate sector, and giving them strong guidance about how they can work to better serve the state\\u2019s interest. We discuss this further in the context of China\\u2019s antitrust crackdown on tech companies\\u2014we might be envious of the means, but we should be wary of the goals.\\n\\nStuff we reference\\n\\u2022\\u2022\\u2022 NOPD use of facial recognition leads to zero arrests in nine months https://veritenews.org/2023/07/26/nopd-use-of-facial-recognition-leads-to-zero-arrests-in-nine-months/ \\n\\u2022\\u2022\\u2022 Zombie Economy https://newleftreview.org/sidecar/posts/zombie-economy\\n\\u2022\\u2022\\u2022 Why Is China\\u2019s Economy Stumbling? https://www.nytimes.com/2023/08/10/opinion/china-economy-decline.html \\n\\u2022\\u2022\\u2022 What Comes Next as China\\u2019s Tech Crackdown Winds Down https://www.bloomberg.com/news/articles/2023-07-24/what-s-next-as-china-s-tech-crackdown-winds-down#xj4y7vzkg \\n \\nSubscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills \\n\\nHosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)'