In 1999, Ford bought Swedish Volvo Cars because the Swedish company lacked capital. The company was then sold to Chinese Geely for 13 billion. (Source: Affärsvärlden). This has led to Swedish capital disappearing abroad. When Sweden's car manufacturer was sold to a Chinese company, a dictatorship gained control of this company. Swedish News 28 October 2022 shows…
Month: November 2022
Financial capitalism and feudalism in the West versus industrial capitalism in the East
Financial capitalism in the United States today is reminiscent of the former feudalism or l'ancien régime in Europe at the end of the 1700th century. In the last years of feudal rule, the money within the elite went mostly to passive, interest-bearing and cike-productive incomes. Industrial capitalism out competed the aristocracy during the 1800th century by delivering goods, albeit brutally. There was also over time in industrial capitalism a…