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Carlsberg CEO: Russia has 'stolen our business'
(www.reuters.com)
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this post was submitted on 01 Nov 2023
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China is plenty happy with stealing ridiculous amounts of IP and/or immediately copying and selling identical products. It’s already factored in.
I'm not talking about trademark copyright, I'm talking about the inevitable war when they finally build up their little nuclear umbrella they've been building and invades Taiwan.
Every single business with heavy investments in China is going to have those investments seized and they're going to have to write down all of those assets to zero.
However many billions of dollars all these companies have invested in China, from Apple to furniture manufacturers to Walmart to everywhere, is going to have an instant multi-million or even multi-billion dollar hit to their bottom line.
And they're going to lose access to all of that production. Going to lose access to it for at least a decade or two.
We're not ready
Good.
Those jobs were created to make the greed class richer by hiring sweatshop children to work 12+ hour days and firing domestic workers.
I know they'll take it out of our ass, but there have to be consequences. We deserve draconian consequences for allowing the greed class to do that.
Consequences that make them sick at the potential lost profits of doing it again, as that's literally all our owners care about.
Why should I root for the capitalist's continuous cruelty not to blow up in their faces? They've only ever exploited my labor for a fraction of what it generates in exchange for subsistence pittances, they aren't anyone's friends outside the country club.
I'd save a chinese factory worker before I'd save a thousand American business crook MBAs propagating greed as virtue.
On one hand, I agree, fuck the people who moved their factories over there.
On the other hand, I'm going to get fucked over too with mass shortages and price disruptions so I'm not about to celebrate it.
Take solace in your suffering that the people that forced you into your position from decades of greed and regulatory capture are throwing their expensive tumblers from their expensive office wet bar at their sycophant executives falsely blaming them for losing billions outsourcing assets to China.
We will never beat them, they've propagandized too many peasants to defend the owners and their greed against their own interests. So I'll take the W when their own sociopathic, selfishness blows uo in their face.
The capitalists wil continue to inflict suffering upon us for private profit regardless of how their quarter went, as they don't see people without significant net worth as human at all. The least we can do is celebrate when our capitalist oppressors suffer a loss to their ego scores.
I'd rather not turn into China by trying to go socialist, thank you very much.