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Especially viewed through a market cap lens, this could be rephrased from "corporate" to "software/tech." Interesting how different the article and comments go
by dalbasal 5y ago
Especially viewed through a market cap lens, this could be rephrased from "corporate" to "software/tech." Interesting how different the article and comments go, If rephrased this way.
The way these discussions go depends a lot on definitions, anchor points and framing. Framing around market cap, accounted value add, tax or number of employees yields a different article entirely... With totally different conclusions.
Even the "EU" as a definition, isn't perfectly parallel to China and the US. There's no national pride or coherency to the EU.
I'm Irish. Google, FB, Intel, dell, etc. employ almost everyone I know. We wouldn't see these as more "ours" if they were Dutch companies. They're just "MNCs." MNCs don't have homes, as it is seen here.
Even Irish founded MNCs like Ryanair aren't really seen as Irish companies, and no one cares emotionally about EU founded companies. Belarus fighters recently grounded a Ryanair flight to arrest and torture dissident. It barely made the news, and there was no sense that this was a national issue. We don't have an air force, and the EU doesn't do geopolitics... so there's really no way of making it one. An American Airlines flight would have had totally different politics.
I'm not sure which perspective is the operative one. Multinationals have employees, customers, regulators, and taxmen in arbitrary locations. Which do we care about?
Facebook and Twitter, for example, a showing that cultural Americanness means something in itself. The policies and controversies are being built around American politics and culture. They're not scrambling to find an appropriate (or inappropriate) place in the Burmese or Sudanese info-political context. Whatever happens elsewhere will be derivative of decisions tailored to an American context.
Not sure where I'm going with all this.