189
Russia seizes control of Danone and Carlsberg operations
(www.bbc.co.uk)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Jul 2023
189 points (97.5% liked)
World News
32075 readers
1018 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
Lots of liberals on here parroting the "should have gotten out when they had the chance" line. In reality, the threat of capital flight is largely a myth. Sure, you can maybe escape with much of your finance capital, but you can't take the factories and the worker who fill them with you.
lol are you absolutely sure about it? it was a pretty common occurence in 90s in eastern europe.
step 1. foreign (generally western) company or investment fund or something buys a factory for peanuts. corruption might be involved.
step 2. that entity rolls up entire shop, sells equipment for whoever would buy it, and people get suddenly unemployed. this even happened to steelworks and shipyards
That was called "shock therapy". That's not what's happening here.