China Wants to Buy Facebook to Control Social Media Worldwide

Posted on August 1, 2011

Imagine this:  China holds a significant stake in Facebook and forbids postings about a list of subjects drawn up by the Communist Party.  It could happen.  China has asked Citibank to buy up shares of Facebook employees that are selling.

In short, China’s sovereign wealth fund, which is no more independent of the Communist Party than the Beijing municipal government, wants to buy a stake in the world’s most prominent social networking site because Chinese leaders want to control social media.  And they hope to do that as part of their comprehensive campaign to dominate the conversation about China—not just inside the country but around the world as well. [Forbes]

Slowly we are losing control and in a global economy and society, the threat to us is coming from external as well as internal forces.

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