70
submitted 11 months ago by yogthos@lemmygrad.ml to c/genzedong@lemmygrad.ml

To manage the fund, Yahoo partnered with Harry Wu—a noted Chinese dissident turned powerful anti-China activist—and his nonprofit, the Laogai Research Foundation. But Wu grossly mismanaged YHRF, spending less than $650,000—or 4%—of the fund’s total $17.3 million on support for online dissidents, according to the current lawsuit. One year, YHRF allegedly spent $0 on what was meant to be its primary purpose. (Some defendants contest these calculations.)

you are viewing a single comment's thread
view the rest of the comments
[-] ComradeSalad@lemmygrad.ml 20 points 11 months ago

Shanghai was a primary "treaty city" meaning it was EXTREMELY heavily influenced by the western world and liberal ideology for nearly 2 centuries.

Its also a financial capital, meaning its full of bankers, investment moguls, and the ultra rich.

[-] cayde6ml@lemmygrad.ml 8 points 11 months ago

Yeah, I get all of that. From what I'm seeing though, it hopefully looks to be shedding that reputation piece by piece.

[-] ComradeSalad@lemmygrad.ml 1 points 11 months ago

Not really in all honesty, China needs a financial capital for the time being, and Shanghai has worked perfectly for that. Little changed has happened there, and it is a major international hub, so the influence persists.

Hopefully in the near future.

this post was submitted on 12 Dec 2023
70 points (93.8% liked)

GenZedong

4284 readers
15 users here now

This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.

This community is for posts about Marxism and geopolitics (including shitposts to some extent). Serious posts can be posted here or in /c/GenZhou. Reactionary or ultra-leftist cringe posts belong in /c/shitreactionariessay or /c/shitultrassay respectively.

We have a Matrix homeserver and a Matrix space. See this thread for more information. If you believe the server may be down, check the status on status.elara.ws.

Rules:

founded 4 years ago
MODERATORS