China Alibaba

The Chinese Communist Party(CCP) decided to pull out of various private companies to show the world that business is a free market. This meant the government did not have to put any money into the business. They did however require that all companies have one party member on the board of directors. This person then makes sure that the company follows the party line. This person has only one vote but if the company deviates from what the party wants, board members disappear. This is a strong incentive to do what the government wants. The most public example is Jack Ma, the founder of Alibaba the Chinese equivalent of Amazon and China's richest man. He challenged the government and he was hit with an antitrust suit and now lives in Japan with his family.