'Perfect storm' of tensions and uncertainty spurs record global wealth shift, report shows

The article doesn’t mention it, but it’s also difficult to bring their money with them due to strict transfer limits.

https://archive.ph/2RegJ

  • darkernations@lemmygrad.ml
    19·
    4 months ago

    Thanks for sharing; glad to see bourgois fear in a socialist country.

    So much cope and weasel words in a typical liberal article.

    “The large number of rich Chinese heading elsewhere could add to the strain on the nation’s fragile economy”

    Fragile? Based on what?

    Capital flight controls appear to be an alien concept to these kind of esteemed journalists (nevermind the labour theory of value).

    I am also seeing a global theme with a lot of non-western bourgoisie there appears to be an internalised inferiority complex where the ideal is to be some sort of Honorary Aryan.

    It’s probably worthwhile reading some Frantz Fanon at this stage to soothe the soul.

    /edits: grammar/clarity

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      10·
      4 months ago

      It’s hilarious how much spin they try to put on this, but the reality is that capitalists are fleeing because they see the writing on the wall.