Are you afraid: Here comes public-private partnership again!

Author: Ngan Shun-kau

(20 Sep) On 16 September, the CCP held a national private economic united front work conference. At the same time, the General Office of the CPC Central Committee issued a report entitled "Opinions on Strengthening the United Front Work of Private Economy in the New Era". Both events were derived from Xi Jinping’s recent work.  Instructions for the united front work of the private economy.

These stereotyped party texts are dizzying and a lot of nonsense. There is only one essence, which is to step up control of the private economy and require the bosses of private enterprises to "be politically sensible."  Over the past 40 years, the days of private enterprises enjoying the limited freedom of the socialist market economy in the tide of reform and opening up have officially ended.

Why are you suddenly concerned about the private economy?  It’s simple, the CCP’s life is difficult, in several ways: First, the internal and external pressures have suddenly increased. This trend is coming quickly, and it is too fast to resist.  The situation is not good, the country’s economy is full of difficulties, and the money bag is empty, so you have to use your brains and make private companies to contribute. When the country needs them, ask them to sacrifice their personal interests and share the country's worries.  In the end, private enterprises will be publicized once and for all, and the whole country will return to the glorious days which all enterprises are of ownership by the whole people.

Secondly, the days are difficult. The government foresees that social control will face challenges.The sudden convergence of various turbulent factors can easily form a chain reaction and resulting in social out of control.  Grab the private enterprise as soon as possible, and don't be caught off guard if there is any trouble.  Private companies account for more than 80% of the national labor force. Controlling private companies can effectively control the huge population and increase the sense of security of the regime.

The third is that in the long run, reform and opening up have come to an end. National advancement and national retreat are no longer in line with the needs of the situation. They cannot allow private enterprises to grow naturally. They have to gradually develop into a comprehensive public ownership system [for all enterprises] through public-private partnerships.  In other words, the ultimate goal of the united front on private enterprises is to nationalize the entirety. The situation is just like the "capitalist industrial and commercial transformation" in the early liberation period. The private enterprises were first turned into public-private joint ventures, and then forced to retreat from the private sector, turning public-private joint ventures into 100% state-owned enterprises. The big project of empty glove white wolf.

The fourth is to follow the CCP’s method of playing with the ownership system. After the “mixed reform” of all large and small private enterprises across the country into public-private partnerships, they will squeeze out the private sector, turn the enterprises into state-owned enterprises, and then transfer equity rights. Public enterprises are transformed into private enterprises of powerful families.

The so-called communism is just like this, turning private property into the ownership of the whole people, and then turning all the people into private ownership of the Communist Party’s powerful and powerful people. This great transfer of wealth has made the Communist Party superb.

In order to achieve the purpose of reforming private enterprises, the CCP uses administrative methods to infringe on the living space of private enterprises in all directions, conduct patriotic brainwashing of private enterprise bosses, force them to accept full government supervision, develop internal party organizations in private enterprises, and intervene in the appointment and removal of cadres of private enterprises, train their successors within private enterprises, and interfere with the management of private enterprises and so on.

That is to say, the private enterprise still belongs to the boss in name, but the CCP’s cadres will intervene in daily management, first establish so-called exchange regularly, and then gradually strengthen the party’s power: from listening to opinions to having opinions, from having opinions to having ownership. See, from being assertive to having power, and from having power to being monopolized by power, it takes less than a year or a half for the boss of a private company to be marginalized. Since being a boss does not have the right to speak in his own company, the boss has no choice but to retreat, sell the company to the government, and take the money to leave.  As for whether the money taken away would be as big as his own private property, god knows.

The external pressure is huge. No one knows whether a war will happen. Once the war starts, internal chaos will not be allowed.This is the underlying reason for the sudden procurement of private enterprises.  In the long run, private enterprises will be incorporated into the public system sooner or later. They could have done it later and slowly. Now that the situation is pressing, they have to step up their implementation.

It is worth noting that this time the united front has included Hong Kong and Macao companies, while Taiwan companies have been temporarily excluded. Hong Kong and Macao private enterprises are small businesses in the Mainland, and Hong Kong and Macao are all within the territory of "one country, two systems", so they start with Hong Kong and Macao first. Taiwan has not yet been included in "one country, two systems" in name, and it can be tolerated temporarily. In the long run, it will be in the bag sooner or later. More importantly, Taiwanese companies are all large companies, and some are even key high-tech companies. They cannot do a lot of united front operations within these companies, so as not to force them to withdraw from China.

This incident is a big wake-up call to the big businessmen of Hong Kong's blue camp. Their individual investments in the mainland and the companies they have worked hard for many years have all been included in the scope of the CCP’s public-private partnership. From now on, being taken over by the CCP and turned into a state-owned enterprise is not a question of if, but a question of when.

Hong Kong is at the end of "One Country, Two Systems", and "One Country, One System" is knocking on the door. Within a few years, Hong Kong will soon become an ordinary city on the mainland.The day the dirty hands of the Chinese Communist Party reach out to Hong Kong to carry out socialist transformation of all private enterprises in Hong Kong, and slowly cannibalize the personal assets of these patriotic businessmen is probably not too far away.

It is said that Tang Yingnian has a lot of investment in the mainland, and Maxim's son Wu Shuqing earns more RMB than HKD. It only seems fit to congratulate them in advance.

Image credit: Alex Plavevski/EPA

Source: Media Analytica

https://www.facebook.com/media.analytica.inc/photos/a.1132237546931505/1673321186156469/?type=3

Translated by: Hong Kong Echo

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