How low they have fallen - Forbes

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I remember reading my Dad's copies of Forbes Magazine while growing up and loved how Malcom was always rubbing his success in people's faces. His private Boeing 727 (named Capitalist Tool), the yachts, the art collections. Capitalism is boss...  Segue to today - from The Washington Free Beacon:

China Could Use Forbes To Push Communist Propaganda, Senators Warn
A Chinese-controlled firm's bid to buy the Forbes media company poses a national security threat and would allow the Chinese Communist Party to push its propaganda by using one of the most recognizable American brand names, according to a group of Republican senators.

"Forbes is a recognizable American brand with immense propaganda value to the CCP," Sens. Tom Cotton (Ark.), Bill Hagerty (Tenn.), Ted Cruz (Texas), and Bill Cassidy (La.) wrote on May 24 to the Treasury Department, demanding the Biden administration launch an investigation into the proposed purchase. "The CCP's direction of Forbes' editorial content and business operations, or its access to Forbes' financial and personal research, could present a serious national security threat to the United States."

Forbes announced in August that it was preparing to be acquired by Magnum Opus Acquisition Limited, which is "controlled by the Chinese Communist Party," according to the senators.

The senators are pressing Treasury secretary Janet Yellen, in her role as chairwoman of the Committee on Foreign Investment in the United States, to open an investigation into the proposed purchase, which would subject Forbes to China's strict government oversight.

I get it - the economy is global these days and I certainly have a lot of Chinesium toys around here but allowing the communists to control a major US Media outlet - especially a financial one?  That is a bit much.

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This page contains a single entry by DaveH published on May 31, 2022 7:00 PM.

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