Ah..........French free Enterp-rise

[Mega]

http://www.autocar.co.uk/car-news/in...h-finance-laws

For me its not what they do, its the Fact that when they find the Law is a bit trouble-some, just CHANGE it!

If ran a company would you look to invest in France?
Mike

[dcarrigg]

Re: Ah..........French free Enterp-rise

http://www.autocar.co.uk/car-news/in...h-finance-laws

For me its not what they do, its the Fact that when they find the Law is a bit trouble-some, just CHANGE it!

If ran a company would you look to invest in France?
Mike

If Renault didn't want the French government sticking its nose in their business, they shouldn't have gone crying to them for an $8,000,000,000 bailout. That was a lone after the first $1,000,000,000 equity stake bailout they whined about and got. So now they're 20% owned by the French government. And they're shipping manufacturing jobs - the whole justification for their bailout - out of France. So the government steps in to protect them. But I'm not shedding any tears for Renault. They likely wouldn't be here at all if not for the French government.

All these MNCs crack me up. There anti-national globalists as long as the capital's flowing, who can't be made to pay taxes due without threatening to leave. But then the second they hit a hiccup and liquidity dries up, they're suddenly nationalists who've been good patriots loving their country all along...just so long as they get their bailout. Heads I win. Tales you lose.

[GRG55]

Re: Ah..........French free Enterp-rise

If Renault didn't want the French government sticking its nose in their business, they shouldn't have gone crying to them for an $8,000,000,000 bailout. That was a lone after the first $1,000,000,000 equity stake bailout they whined about and got. So now they're 20% owned by the French government. And they're shipping manufacturing jobs - the whole justification for their bailout - out of France. So the government steps in to protect them. But I'm not shedding any tears for Renault. They likely wouldn't be here at all if not for the French government.

All these MNCs crack me up. There anti-national globalists as long as the capital's flowing, who can't be made to pay taxes due without threatening to leave. But then the second they hit a hiccup and liquidity dries up, they're suddenly nationalists who've been good patriots loving their country all along...just so long as they get their bailout. Heads I win. Tales you lose.

Governments of all sorts across the world see the major companies in their "important" sectors as national policy instruments; all that varies between them is the degree. Interesting that some are quick to lionize China, with its vast array of SOEs including most of the banks, while criticizing similar leanings elsewhere.

State owned companies have to deal with conflicting policy objectives directly, such as promoting employment during times of depressed business activity. Non-state companies have to deal with the same things indirectly - "stakeholders" instead of mere shareholders to consider, and their "social licence to operate".

At one time every government on earth wanted a national automobile manufacturer (which they either owned or heavily subsidized) and a national airline (which they either owned or heavily subsidized). Not much has changed, except the reality of the economics of running an airline and the reality of the economics of making desirable, affordable cars is somewhat tempering those ambitions for some.