George Monbiot tells us that Murdoch* faced off with the Chinese Government.
He has now retreated from China after losing at least $1bn.
This is used as an example of how powerful corproations are.
It\’s an example of how powerful governments are, surely?
* Yes, I do indeed sometimes earn money from a part of the empire. And?
Surely it’s an example of how power runs in order, from most powerful to least powerful:
1) the Chinese government
2) Rupert Murdoch
3) the UK government?
Is that the Chinese or Murdoch Empire, Tim?
Tim adds: Oddly for someone in the metals trade I’ve never actually dealt with China. Did do a couple of things with North Korea once though….