alt Hacker News> That's the difference between planning nuclear reactors that will be built after your term, and used after your death, vs selling your national industries to foreigners
Are you saying that in western liberal democracies politicians have been selling “national industries to foreigners”? What does that mean?
Replies
That's a fairly literal description of how privatization worked, yes. That's why British Steel is owned by Tata and the remains of British Leyland ended up with BMW. British nuclear reactors are operated by Electricite de France, and some of the trains are run by Dutch and German operators.
It sounds bad, but you can also not-misleadingly say "we took industries that were costing the taxpayer money and sold them for hard currency and foreign investment". The problem is the ongoing subsidy.
Stuff like that:
https://x.com/RnaudBertrand/status/1796887086647431277
https://www.dw.com/en/greece-in-the-port-of-piraeus-china-is...
https://www.arabnews.com/node/1819036/business-economy
Step 1: move all your factories abroad for short term gains
Step 2: sell all your shit to foreigners for short term gains
Step 3: profit ?