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No, not really the same at all. When the companies have all the political power, they do what's best for their shareholders - their bottom line. Whatever helps them acquire more profit and revenue. Here, it's all about the money. When the government controls the companies (As it is in China), the government does what's best for the people in power (the government).And hopefully, in the latter case, the people. Because governments, even if not democratic (and I'd wouldn't call that 2-party/donations/gerrymandering system democratic either) have an interested in pleasing the population (e.g. out of fear of revolt etc). Whereas companies mostly in maximizing profit.
>The last and absolute worst thing that could happen to China is a revolution. They will commit atrocities like you can't even begin to imagine to keep that from happening.
Well, the absolute worst thing that could happen to China could actually BE a revolution. It's a huge ancient country, and it has always had its ways of government and its tradition of mandarins/confucianism etc.
Besides, places like Libya and Iraq, where "democracy was restored" are hardly success stories for toppling a stable system of power. China could well become a hell-hole, and have massacres that rival the ones in the "cultural revolution", EVEN if they manage to get rid of the ruling party easily -- the fight for the succeeding situation could make the US Civil War look like a Disney movie.