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Chinese capitalism with socialist characteristics

Daryl Guppy
Daryl Guppy • 5 min read
Chinese capitalism with socialist characteristics
Out of Huawei's 208,000 employees, more than 150,000 are shareholders.
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As much as I hate to acknowledge it, it may be time to replace my decade-old Huawei phone. The only reason for a replacement is its inability to use an e-Sim which means I am still stuck with using physical Sim cards.

The other key features — storage, camera quality, app handling — all remain cutting-edge. The biggest drawback of upgrading to a new Huawei phone would be a belated and begrudging acknowledgement that the US is successfully crippling this aspect of Huawei’s business. Unable to compete in quality or innovation, the US chose to destroy the world’s leading phone by refusing access to Google services.

This was not a victory for competition. It was pure commercial thuggery designed to benefit US phone manufactures. It provides an interesting counterpoint to the different approach to development, community obligation and the pursuit of profit.

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