Comment on After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs

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UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

Western 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.

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