i think, and would like confirmation, that the conglomerate bought the Dollar Shave Club

Just as ure national bank is actually owned by private company

Unless u live in Syria or north korea

What a coincidence huh

<:tellmemore:532084430664105994>

My bank is state ran *grins*

Yes, very much a "coincidence"

and uruguay is capitalist

Same with media

Alot of the channels if not the majority have the same parent company

I saw a conpulation video of the same news represented on the different channels

and then you have these tards arguing that under capitalism monopolies dont exists....

Copy paste

Ofc they do

Capitalism aint perfect

and there's something to gain by eleminating the competition by wither merging or destruction

Ask Teddy Roosevelt

<:sgtkilWoo:449275412892221470>

Competition is important

of course

The problem is when companies get so much money and power they start lobbying and buying politicians

Iron sharpens iron

They use that to push for regulations to squeeze out the smaller buisnesses to take over more of the market

when the oil embargo hit the amiercan car maker didnt know how to compact, now they sort of know

and the american car buyer realized that a small car didnt have to be shit

If the car company was state run and went bankrupt because ppl didnt wanna buy theire cars anymore becuz shit quality. The state would pay them out of bankrupcy with tax money

Never creating an incentiv for the company to actually improve theire cars

<:yay:523032349563158528>

Larger corporations have increased barriers to entry. In the 70s small companies could compete to some scale. Not the capital is impossible to get.

Its very expensive to invest in the norwegian market, so the big oil companies move theire production facilities to south korea. Mean thousands of people on the production line lose theire job

at least Uruguay has Zaonas francas

tax free regions

the only condition is to employ 75% local workforce

Theres too much regulations now making it hard for small buisnesses. Meanwhile the big companies bypass alot of these by moving to other countries then selling the product back home

Hard to compete with that if ure a small buisness

one of the big moves by the local nominally left government

to give loans and help to startups

Here they wanted to implement a wealth tax. Which is basically a double taxation. Arguing it would help small buisnesses compete.

Go Labour party

<:yay:523032349563158528>

why not give the little guy a hand instead?