Whose Information Is It?

Information belongs to the government of the People’s Republic of China, apparently.  Especially when it’s investment information, information that might facilitate the prosperity of individual citizens and their businesses, information that might lessen their dependence on and control by, that government.

A Chinese quasi-regulator told the country’s top raters of investment funds to stop publicizing the sizes of money-market mutual funds, in what is being seen as another attempt by Beijing to slow the industry’s rapid pace of asset accumulation.

Because an informed investor can make his own decisions instead of the decisions Government wants him to make.

A copy of an internal directive reviewed by The Wall Street Journal told firms that rate and rank investment funds to avoid publishing the asset sizes for money-market funds, which could have the effect of drawing more investors to the largest funds.

Which would (in a free market) have the knock-on effect of competition raising rates paid investors in those not-largest funds, which would benefit the investors.  And the further knock-on effects of drawing yet more money into the funds and of adding liquidity to these short-term instruments which would facilitate the short-term borrowing (useful for inventory control, meeting payroll, etc) of businesses.  Which would have the further knock-on effect of spurring the private economy and not the Communist Party of China’s controlled economy.

Gotta keep the peasants down on the farm.  The cities are collecting too many of them, anyway.

Unless it’s proprietary or a matter of national secrets, information isn’t controlled by Government beyond a couple of laws protecting intellectual property and those secrets.  In free nations, anyway.

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