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How China Is Taking On Billionaires and Big Tech to Combat Inequality, w/ Tings Chak

China is imposing harsh regulations on private education, big tech, and billionaires. The new Cold Warriors in the U.S. government and media call these moves authoritarian, leftward tyranny, and bad for business. But Chinese president Xi Jinping calls it part of a “common prosperity” agenda to create a more equitable society on the road to building socialism. To help understand the Chinese point of view, Rania Khalek was joined by Tings Chak, a writer and researcher with Dongsheng News and the Tricontinental Institute. Follow Dongsheng News on YouTube:    / dongshengnews  \ Show your support at   / breakthroughnews   for as little as $5/month Subscribe now to never miss a BreakThrough video! Listen to every episode of Rania Khalek Dispatches anywhere you get podcasts. Apple: https://apple.co/3zeYpeW Spotify: https://spoti.fi/3za9DRK TIME CODES: 0:00 Intro 1:19 What is common prosperity? 5:26 Cracking down on private education 9:54 Coming for the billionaires 13:53 Taking on big tech 20:01 How are these policies part of building socialism? 24:20 Climate change 29:39 Is China capitalist or socialist? 35:56 US media depictions of tyrannical China vs reality 42:44 How do mainland Chinese view the issues of Taiwan, AUKUS, Xinjiang? 48:44 How do the Chinese view American hostility? 54:47 Dangers of escalating the US-China Cold War