The Chinese Communist Party’s stern crackdowns on its businesses such as Alibaba, Tencent, and its online education companies have alarmed investors all around the globe. Perth Tolle, founder of Life + Liberty Indexes, joins Kyle Bass, founder and CIO of Hayman Capital, arguing that this fear is warranted and that, perhaps, investors aren’t actually worried enough about the threat that the Chinese Communist Party poses to investors. Tolle tells Bass why her ETF chose to generate alpha by seeking out free markets and free societies and avoiding countries like China all together where autocratic regimes erode shareholder value. Filmed on September 8, 2021.