According to CNBC, the new laws also require social media platforms like Douyin, Bilibili and Weibo to verify the credentials of creators who comment on such “sensitive” topics, of which expertise can be proven through a degree, license or certification in a certain field.
Interpreting this as “the platform is liable for any bad stuff that a content creator puts out” and not “the government of China will vet every single post/video every person uploads”. Which… curious how this will play out. Is it going to lean towards nuking content only by people claiming to be experts and leave people who are expressing opinions alone or what?
Advertisements on medical products, supplements and health foods have also been limited, due to a concern that such foods may be promoted under the guise of educational content.
This is cool and good.
Can’t say I agree with the blanket finance ban, considering how many Chinese technocrats and professionals are western educated with their heads full of the most egregious neoclassical nonsense
Sounds like a good way for heterodox Marxians who are more likely to be self-educated to get shafted while Chinese crypto bros can carry on because they have a bullshit decree from the University of Chicago
For every one moderately successful Marxist streamer there’s like 10 crypto hucksters with five times the followers. I’m fine with this.
What happens if 5 of those crypto hucksters happen to have finance decrees and know how to hide their scams behind academic language?
The Chinese left loses the Marxist streamer and the remaining crypto frauds gain the shiny veneer of government backed credentialism, hell of a risk
Perhaps, but I suspect the way this will be enforced will be better than that. I honestly suspect this won’t be as harshly enforced as some people imagine, but really will just be used as legal justification for suspending channels that are spreading straight up scams and conspiracy nonsense.
Like rather than going through the legal rigamarole of proving that a flat earther channel is conspiracy garbage just suspend them for not actually being an astronomer.
I really hope that’s the case
The Chinese government could create an accreditation that those crypto hucksters would not qualify for. Similar to ABET accreditation for science and technology degrees.
Yea especially considering mainstream economics is junk. So you can say bullshit like “unemployment is good actually”, “regulations are bad”, “welfare must be cut” as long as you have a econ degree?
depends on how its enforced ig.
A Marxist-Leninist state should just ban the intentional spreading of that kind of blatantly wrong “economics theory”. Literally, filtering out capitalist nonsense so the people don’t have to deal with capital’s bullshit is one of the purposes of massive federal government censorship of the country’s media access and regime tools like China’s alleged Great Firewall. Anyone talking about economics who isn’t a Marxist should be deplatformed in a socialist state context. No one wants or needs to hear their misinformation.
bullshit like “unemployment is good actually”
Yes but you have to use jargon to disguise it, like the non-accelerating inflation rate of unemployment
Finance explains why bonds that pay $100 per year for 10 years with a principal of $1000 might be worth $1386, or how a cereal company can purchase grains 6 months from now for a specific price today and what that price is, or why options to sell Nvidia stock for $200 in 6 months might be worth $22.75, or how a business can raise money or how you should manage your savings. Basically, it covers borrowing and lending money to support future activities and generally there are equations to calculate prices. Everybody wants to get rich quick and easy so fraud is easy under the guise of giving financial advice.
Economics is supply and demand, why inflation, class relations. The main fraud here is bourgeoisie tricking the proletariat into thinking everyone has equal rights, class doesn’t exist, and that they will probably be rich some day. Neither fraud should be allowed.
Nooo not my heckin opportunists!
Liberalism stems from petty-bourgeois selfishness, it places personal interests first and the interests of the revolution second, and this gives rise to ideological, political and organizational liberalism.
People who are liberals look upon the principles of Marxism as abstract dogma. They approve of Marxism, but are not prepared to practice it or to practice it in full; they are not prepared to replace their liberalism by Marxism. These people have their Marxism, but they have their liberalism as well–they talk Marxism but practice liberalism; they apply Marxism to others but liberalism to themselves. They keep both kinds of goods in stock and find a use for each. This is how the minds of certain people work.
Liberalism is a manifestation of opportunism and conflicts fundamentally with Marxism. It is negative and objectively has the effect of helping the enemy; that is why the enemy welcomes its preservation in our midst. Such being its nature, there should be no place for it in the ranks of the revolution.
This is China’s loss. What will China do without Chinese Joe Rogan, Chinese Dave Portnoy, Chinese Liver King, and Chinese Gwyneth Paltrow? Among countless others!
this isnt new you already cant give the public advice about finance unless you are licensed in china to help cut down on people getting defrauded. we have laws like this in the west its just that the cinese government actually enforces them
same with health claims. we just dont enforce that shit in the west because apparently telling your neighbor to give themselves an enema with bleach to treat their ibs is “free speech”
we have laws like this in the west its just that the cinese government actually enforces them
I assure you my podcast “Investment Advice” where I tell people to simply always buy one more bicycle is perfectly legal, I preface it all by saying “this is not investment advice” before I give people the investment advice
Didn’t realise finance was in this.
Kills off most the cryptobro and financial advice influencers completely. The remaining ones that do have degrees will probably not have the protection of “this is not financial advice” if they are professionals expected to show professionalism.
Maybe that’s what China will seek to do to all of finance. Proletarianise them by removing their influence and power and busting them down to the same level as other professionals in society with an expectation of a behaviour befitting of a professional position.
Anyone know if there’s any significant presence of anti vaxxers in China?
there is a term for shit like this they refer it as something like “village science”
Sounds like a terrible sequel to Weird Science
Just comes back around to being Frankenstein at that point, I think.
Good.
Influencers are the new journalists and it would be malpractice if there was a whole industry in telling everyone what they want to hear instead of actual facts.
let him cookSensible and agreeable.
Liberal headline: “China bolsters the podcast black market with integrity doctrine. Now they will collapse in 5 years.”
the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry
