After Google announced that it might leave China, Wall Street and other stock exchanges around the world reacted in typical fashion, by buying Baidu stock and selling Google stock. Baidu’s stock jumped by at least 12%, while Google’s slid by about 1%.
For the money-men — the same people, let us not forget, who caused the real estate bubble, the ensuing collapse and rise in unemployment, who received billions from the government and are now giving each other BJs and bonuses — these men (and women) are the core of what allows China to censor with impunity and keeps companies here way passed the point of violating their own principles.
In the world of capital, evil is rewarded and Wall Street’s “golf clap” for Baidu’s unexpected “good fortune” is a perfect example of evil at work — or perhaps better said, a perfect example of the unwillingness to do good.
Sock it to ’em Google!