Project Syndicate
Ant Group’s Long March
Shang-Jin Wei | Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs, and former chief economist at the Asian Development Bank.
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, November 4, 2020
Ant Group’s Long March — Shang-Jin Wei
Project Syndicate
Ant Group’s Long March
Shang-Jin Wei | Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs, and former chief economist at the Asian Development Bank.
Reinventing the wheel is innovation?
ReplyDeleteAnt Group is equivalent to Uber.
Is Uber innovative in the sense it avoids regulations that apply to the established taxi industry?
Competing against market players will benefit the consumer. But lets be sensible about the need for regulatory oversight.