4 ms·

> You buy, you control, that's how the world works. Only in countries with poor regulators like the states does it work like this.

• adventured 6y ago
  No, it works like that all across the world in fact. It works like that in Japan: say hello to the many giant conglomerates that rule their economy top to bottom. It works like that in South Korea: say hello to Samsung, roughly 12% of South Korea's GDP in a given year (Walmart by contrast is equal to 2.5% of US GDP, and that's crazy big). It works like that in Germany: say hello to a parade of big old industrial giants that have dominated their economy for most of the past century and will continue to. It works like that in China, openly so: they intentionally go out of their way to promote giant national champions at the expense of everyone else. It works like that in France: their largest corporations and richest individuals are even larger in relation to their economy and national wealth than they are in the US (say hello to Arnault, Bettencourt, Pinault and the Wertheimers). It works like that in Russia: say hello to the countless, directly state protected oligarchs. Threaten their interests, you die. Their approach is super simple. It works like that in Italy and Spain, which are both dominated by old, large corporations and family interests. Which heavily explains their forever economic stagnation. It even works like that in Switzerland: ever see how large their financial companies are in relation to the economy? Who do you think actually runs Switzerland? Their banks are comically outsized versus the size of the economy. It completely works like that in Brazil and India. It works like that across all of the Middle East, to a much greater degree than most anywhere else. It works like that in second tier economies, including: Poland, Mexico, Argentina, Romania, Turkey, Thailand. It works like that in poor countries, including: Vietnam, Indonesia, Philippines, Ukraine, South Africa, Pakistan, Bangladesh.
  • bodpoq 6y ago
    Hey now, don't bring Pakistan in to this. We are owned by the military, not some puny corporation. Our biggest industrialists/companies barely hit a few billion dollars in yearly revenue, and they do it by keeping their head down and staying quiet.
  • ngcc_hk 6y ago
    Yes. But are they successful. It is AMD that kick intel not the other way round both architecture x86 64 bit) and now through working with others (Taiwan which is not in your list) to break their hardware. Might and reality is not right. We need competition. We adore competition. And even the countries you quote many do have competition. You just do not innovate and of course one can try to stop and rest. But the works does not. Be water not mountain my friend.
    • pjmlp 6y ago
      Without AMD I could be enjoying Itanium nowadays.
      • floatboth 6y ago
        Itanic was sinking from the start, it wouldn't be unlikely that Intel would've invented something like amd64 just a few years later if AMD didn't do the smart thing.
        • pjmlp 6y ago
          You can pick any colour as long as it is black.
  • def_true_false 6y ago
    Sales of important companies have to be approved by regulators, e.g. "Reuters: EU regulators approve ArcelorMittal to buy Italian peer Ilva". https://www.reuters.com/article/us-ilva-m-a-arcelormitta-eu/eu-regulators-approve-arcelormittal-to-buy-italian-peer-ilva-idUSKBN1I80WN https://www.reuters.com/article/us-ilva-m-a-arcelormitta-eu/...
• MR4D 6y ago
  American company buys a British company from a Japanese company. How exactly is this only like in the states?