Comment on After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs
UnderpantsWeevil@lemmy.world 1 month agoWestern governments don’t want ownership. Politicians see ownership of capital assets as political liabilities. They require real labor and talent management and long term maintenance and planning. Western governments want kickbacks from successful privately run enterprises (or, at least, profitably run businesses) in the forms of employee income taxes, which can be turned into sinecures and patronages for their underlyings.
Nationalization is antithetical to how a modern western politician succeeds in their positions.
Badeendje@lemmy.world 1 month ago
In Europe we have seen banks nationalized, politically appointed people put in charge. The banks managed back on track and now slowly sold back into the market again to make up for the loss. The shareholders got nothing when the banks where nationalized.
nickwitha_k@lemmy.sdf.org 1 month ago
Sounds nice.