in china under the power market economic system$Alibaba(BABA)$ $NIO Inc.(NIO)$ the ability to succeed (i.e. a publicly traded video sharing website that loses hundreds of millions of dollars every quarter) depends on relationships with key power-holders. the process of selling official positions & titles has formed a shadow network of personal bondage & gangs as power wielders at various levels serve one another's needs & utilize one another in a hotbed of corruption & protection removed from social justice. the ordinary people covered by this huge shadow network are powerless to defend justice or appeal against unjust treatment ― yang jisheng, the world turned upside down: a history of the chinese cultural revolution.
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