Russia seizes control of Danone and Carlsberg operations
https://www.bbc.co.uk/news/business-66218999Open linkView original on lemmy.zip185
Comments30https://www.bbc.co.uk/news/business-66218999Open linkView original on lemmy.ziphttps://www.bbc.co.uk/news/business-66218999Open linkView original on lemmy.zip
As my dad once said to me years ago "if you don't pull out you deserve whatever happens next"
Should have gotten out when you had the chance.
Who would have thunk that an authoritarian government could just do that?
Didn't France just nationalize the EDF?
They did but they already owned 95% of the shares and they are just buying the last 5% at a fair price.
We have nationalized energy where I live and it's awesome. Low rates (no profit motive) plus stable, good paying jobs.
Yep same here, lowest energy rates in the world and great jobs
Somewhat of a difference between yoghurt and electricity production don't ya think?
Both give humans energy.
Oh wonderful, another authoritarian shill from Lemmygrad.
Ad hominem!
I just had a look over there. No joke, that place gave me hard /r/conservative vibes. Forget the name, look at what they want and what they would like to block. It is scary the same as republicans...
Oh no!
Anyway...
He who controls the yogurt controls the universe.
The yogurt must flow
We… want… Ohio
Here is an alternative Piped link(s): https://piped.video/emhfPd4L6ag
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source, check me out at GitHub.
You thought your probiotics could save you?
The Carlsberg stock is down 0.77% today. I dare say this was expected from the investors.
Sooo beer-flavored yogurt or yogurt-flavored beer?
Mold flavored water with dairy chunks and cigarette butts. That's essentially what Russia does with stuff, any stuff
Why must you be so nasty?
Nothing to see, just a criminal state doing criminal things.
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.
And? What does it matter whether they keep their Russian factories if they pull out of Russia?
They probably paid money to get them/build them. Probably near impossible to just "sell and cash out".
But that's on them and any corporation that invested in that cesspool. Stupid risks, worse consequences.
It matters because the factories and more specifically, the workers who fill them are the ones creating value. Had they pulled out sooner, the result likely would have been the same, the state taking over management.
While I don't particularly care about private property being "repossessed" by the state, especially in an oligarchal capitalist state like Russia where it's not likely to have any large material benefit for the working class, its just funny that liberals throw stuff like this around without any analysis of the situation.
What this pretty much guarantees is that once the sanctions are lifted, no company is going to want to reinvest in any new factories there. You only get to seize the factories once.
You underestimate the allure imperialism has on capital owners.
That was called "shock therapy". That's not what's happening here.