Perspective and Hypocrisy

What is the big deal with the Chinese government’s recent directives stymying technology or education firms?

During the 2010’s, the U.S. Department of Education either forced the closure or change of ownership, sued or ended accreditation or recognition of ‘education providers’ such as DeVry Education Group (now Adtalem Global Education), ITT Educational Services, Corinthian Colleges and Apollo Education (which was taken private at $10 per share, compared to its high of $89/share in 2009).

For example, then Californian attorney-general, Kamala Harris led the charge in suing Corinthian (leading to their demise in 2016 when she won her judgement) for predatory practices of mounting and leaving students in crippling debt……much like China’s concerns today.

In addition, didn’t the U.S. government force the break-up of AT&T and Microsoft?

And I wonder……aren’t Google, Facebook, Microsoft, Apple etc, some type of pseudo-government agencies ?

or at least, at their behest or influence?

Between all the congressional hearings and testimonies and the ‘cloud’ of anti-trust undertakings, a little perspective is required to the current Chinese news.

After all, it is not a far-fetched idea that Amazon is forced to ‘spin-off’ its AWS division.

The hypocrisy of western governments doesn’t seemed to be recognised by their own selves. They apply a host of restrictions, rules and bans too.

Perhaps China is entering its own Progressive Era and the U.S. may have its own 2.0 version?

https://www.bloomberg.com/news/articles/2021-07-27/china-tech-crackdown-xi-charts-new-model-after-emulating-silicon-valley?sref=qLOW1ygh

July 30, 2021

by Rob Zdravevski

rob@karriasset.com.au

A Picture Of Crude Oil Reserves Tell Me A Thousand Words

What is this Crude Oil Reserves graphic saying to me?
It tells me that Australia is a minnow and it’s more of a LNG nation.
It tells me why integrated European and American oil companies enter joint ventures in foreign lands, ’cause that’s where the oil is.
And the U.S. is playing an interesting game of being the worlds largest oil producer against reserves that don’t suggest that status being sustainable.
Prior to the March 2020 collapse in oil prices, the U.S. was pumping a world leading 15 million barrels per day.
If the U.S. reduces daily production to let’s say 12 million barrels (not because Trump thinks he can force privatised companies to do so but more so relating to the global supply glut), then when dividend into their reserves of 37 Giga barrels, the United States will have 3,083 days or 8.4 years of reserves left.
That’s acute enough to create tension across politics and the oil price.
Incidentally, Saudi’s daily production is 12 million barrels.
– May 26, 2020, by Rob Zdravevski
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