China wants to limit teens to using their phones for just an hour a day to fight rising ‘internet addiction’::The Cyberspace Administration of China announced proposed regulations for children’s smartphone usage, including a “minor mode” with time limits.
I’m guessing its their way of emulating nordic style progressive wealth taxes without scaring their markets.
Well, the crackdown has definitely scared the market and wiped out more than $1 trillion worth of stock value. It’s a fascinating case study of the fusion between communism and capitalism, as well as the convergence of centralized control and economic liberalism.