Futures or Retail?: The Financial Ambiguities Behind Internet Market

Yang Pachankis

MPRA Paper from University Library of Munich, Germany

Abstract: The research outlines the sovereign-fund based Ponzi scheme of the People’s Republic of China (PRC) rent-seeking powers. It analyzes into the evidence from the internet economy in PRC with Alibaba and the failed Nasdaq Initial Public Offering politics of Ant Group. Five angles have been adopted to describe the phenomena with justification from evidence, and the research has noticed the involvement of the Chinese military in the power competition in the rent-seeking financial realm with oligarchic characteristics. The research concludes that Ponzi schemes do not necessarily have to not involve product delivery, and the element of the time value of currencies is more fundamental to it in the process of truth emergence.

Keywords: Anti-trust; Currency; Dumping; Financial crime; International settlement; Nash equilibrium (search for similar items in EconPapers)
JEL-codes: B51 B59 E44 E51 E66 H73 O11 P24 P37 Z13 (search for similar items in EconPapers)
Date: 2023-09-23, Revised 2023-10-02
New Economics Papers: this item is included in nep-pay
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Published in SunText Review of Economics & Business 4.4(2023): pp. 193

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118884

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