Members of Kibbutz Hanita are suing the Chinese-controlled Ballet Vision fund for refusing to buy their remaining stake in an intraocular lens plant, citing losses and what it says is a Chinese government ban on new investments in Israel since the war

Members of Kibbutz Hanita near Israel’s northern border are demanding $11 million from Ballet Vision, the Chinese fund that controls 80% of the Hanita Lenses plant, accusing it of refusing to exercise an option to purchase the kibbutz’s remaining shares, according to a lawsuit filed in Tel Aviv District Court.

In a response letter attached to the lawsuit, the Chinese fund said that since the outbreak of the war in Israel, Beijing has classified Israel as a “high-risk area” and imposed a ban on any new Chinese investments in the country, making it impossible to carry out the option.

According to the lawsuit, in 2021 the kibbutz sold 74% of Hanita Lenses, which manufactures intraocular lenses for medical use, to Ballet Vision for $35 million. Of that sum, $25 million was paid to kibbutz members, with an additional $10 million injected into the company.

  • Cowbee [he/they]@lemmy.ml
    173·
    11 hours ago

    Not implying, stating. In China, they have direct elections for local representatives, which elect further “rungs,” laddering to the top. The top then has mass polling and opinion gathering. This combination of top-down and bottom-up democracy ensures effective results. For more on this, see Professor Roland Boer’s Socialism in Power: On the History and Theory of Socialist Governance. The government itself has no capitalists in the top positions either:

    This system has achieved fantastic metrics, such as over 90% of the citizenry supporting the government. This also shows why perceptions around democracy are so much higher in China than the west:

    So yes, the working classes do control the state in China.

      • RiverRock@lemmy.ml
        11·
        10 hours ago

        We have democratic elections in the U.S. too

        Oh, really? When did we start doing that?

      • Cowbee [he/they]@lemmy.ml
        101·
        11 hours ago

        The US isn’t democratic, the state is run by capitalists and the two major parties are subservient to capital. You can even see the effects of this with how low approval rates are for the government, and much lower perceptions of democracy. The reason the working classes in China can maintain such strong control over the state is because public ownership is the principle aspect of the economy, and the working class party overthrew the nationalists back in 1949. What part of what I said is “peddling bullshit?”

              • Cowbee [he/they]@lemmy.ml
                11·
                11 hours ago

                I don’t think I could be considered “internet famous,” especially considering Lemmy is itself extremely niche. I’m also not comparable to a dead fascist. I am a communist, sure, but there’s more to my life than organizing in real life and doing what I do on Lemmy.

                Is it a habit of yours to ask a question, then jump to insults when you get an answer you don’t know how to respond to?

              • RiverRock@lemmy.ml
                8·
                10 hours ago

                If it’s obvious you should be able to refute it. But all I see is you plugging your ears and being a snide child. Go on, address the overwhelming satisfaction of the Chinese public with their government. I would bet any amount of money you come up with some variation of “those lying Chinese are just lying”.