submitted 2 months ago by n3m37h@sh.itjust.works to c/ontario@lemmy.ca

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A company that nets $20 billion in revenue, recieved 44.3 million from Canadians, 20 Mil from Ontario

Once again... WHY?!?!

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[-] avidamoeba@lemmy.ca 17 points 2 months ago

Because unlike China, we like publicly funding private enterprises without receiving any ownership. 🙂‍↔️

[-] ILikeBoobies@lemmy.ca 4 points 2 months ago

It’s not just China

The US received ownership when they bailed out companies in 2008. They just sold it to recoup the investment instead of controlling the company

[-] avidamoeba@lemmy.ca 2 points 2 months ago

True but that was the exception to the rule. Most subsidies are given without any ownership stakes in return.

this post was submitted on 15 Aug 2024

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