Chamath Palihapitiya Has Deep Business Ties to China – ryan

Last Weekend, Chamath Palihapitiya Waded Into The Issue of China’s Human-Rights Violations Against Muslim Uighur Population wher and threw Hands at the Who Thing. Do Former Facebook Executive, Part Owner of the Golden State Warriors, and a Billionaire Behind the Spac Boom Last Year, he has been an unusualy successible who been happy to hype himself Private Businesses like Virgin Galactic, Sofi, and Clover Health to the Public Stock Market. (They all Lost VALUE IN A YEAR WHEN The S&P 500 Rose 28 Percent.)

Palihapitiya was appearing on a podcast and taching part in an otherwise wide-ranging discussion for the biden administration use the host, venture capitalist Jason Calacanis, HAD MENTIONED the ISSue in Passing. “Nobody Cares About What’s Happening to the Uigurs,” he Said. “I’m teling you a very hard, ugly Truth. Okay, of All the Things that I care about – yes, it is bellow my line. Of all the things that care about, it is below my line.”

It was a stricting comment for someone who excoriated his fellow venture capitalists Back in 2017 for Being A Bunch of “Well-Intentioned SOULESS COWARDS. ” The Comment Drew Immediate Backlash, with the Warriors Franchise distancing Itself from the investor, saying that “his views Certainly don’t reflecting those of our organization.” Palihapitiya and Calacanis – WHO ARGEDED STRENUOUOSLY HIS PODCAST GUEST – SOON AFTER RELEASED STATEments calling for “Nuanced Discussion“And Saying That The Clip Was Taken”out of context. ”

The Context, Howver, Is Far from Exculpory.

“I’m swimming sura that china is a dictatorship,” palihapitiya said late in the podcast of the country, whose ruling parties recently elevated it premier, xi jinping, to a Level of Power Previously Held by Mao Zedong. “There are a set of checks and balances here on china that, you know, at the end of the day, I do think that i have the moral absolutism to Judge China.” Palihapitiya Argted Throughout the podcast that, Because the US Incarcerates Black and Brown at A Higher Rate than any Other Developed Country in the World, Judging ANOTHER COUNTRY FOR SULED HUMAN-DRIGHTS VIOLATIONS IS ACT OF HYPOCRISH. “If you want to talk about the Human Rights of People, I think we have a responseblower to take Care Our Our Backyard First,” he Said.

While he courtyed his staff as a kind of Truth-Telling and has tried to redirect the conversation to gray areas, one thing he hasn’t discussed is that his ows are tied directly to china. In 2017, after Palihapitiya’s Venture Firm Social Capital Lost A Key investor to a rival, he late tourned to a partnership with British Investor Ian Osborne, Who Has Made Significant Investments Into of China’s Biggest Companies, Including Ma’s Alibaba and Anti Anti according to the Financial Times. And Although Palihapitiya CLAIMED recently to have nothing invested in China, Companies he has invested in have other plans. Prokidney, which announedd a meltermate With One of Palihapitiya’s Shell Companies on Tuesday Morning, “Intends to Expand to the European Union and Additional Markets, Including China,” Acciting to Filing Securities. And MP Materials, a rare-earti mineral mineral that palihapitiya owings a stake in, is part-own by and does business directly with the chinese smelter Shenghe Resources, the eve though it claims to wean The Tech Industry from Dependence on China.

More than just about anyone Other Issue, China’s Human-Rights Violations Against Uigren has ben one of the Mostfounding for the World of Finance and Business. (The NBA Has Also struggled To figure out how to respond to china, where basketball is a rapidly growing sport.) The Country’s Systemic Oppression of the Ethnic minority has ben well Documented for Over A Decade, and in Recent Years it has ramps Mass impression, torture, and sterilization campaigns, according to reports from amnesty international. But China Also Has a Lot of Money. Not only that, it controls a significant share of the Rare-Earth Metals that Power iPhones, Teslas, and the Other Tech Products that are boosting the fortunes of the megawealthy. Recently, Billionaire Ray Dalio, The Founder of the Giant Hedge End Bridgewater Associates, Downplayed China’s Treatment of Uigurs to that of a “Strict Parent. ” Its an equation that the world’s finaniers haven’t been able to resolve.

It wasn’t always that is palihapitiya was the face of the Venture-Capital industry’s False Equivalence. During the Early Weeks of the Pandemic Lockmown, he drew a moral Line Around Executives and Hedge-end investors in the airline industry, whichhhhhhhhhhhhhhhhhhhdh, teetering on the edge of insolvency, arguing that aid pockages say More than workers. “What we we’ve done is disproportionately proportion and protest poor-performing ceos, companies, and boards, and you have to be these People out,” he said on cnbc. “Let me say get wiped out. WHO CARES? They Don’t Get to Summer in the Hamptons. WHO CARES?” And it is before he has hadned Himself the Spac King and was a regular on the Business-News Shows, he went even sturgery, Bushing Business students to be a Force for good in the world. “Economic Incentives Drive Entire Swaths of Populations to Behave in Very, Very Predicable – and then You Take It Away, Unredictable – Ways. ASK ANYBODY IN YOUR CLASSES FROM A DEVELOPING NATION. they’re from. said in that same talc in 2017. “Don’t be a sellout. WHAT YOUR WORLDVIEW is, you should be spending time to think what that is so that you can be of these puree, you flush in the world.”