this post was submitted on 17 Jul 2023

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188

Russia seizes control of Danone and Carlsberg operations (www.bbc.co.uk)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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[–] skillissuer@lemmy.world -1 points 1 year ago* (last edited 1 year ago) (1 children)

lol are you absolutely sure about it? it was a pretty common occurence in 90s in eastern europe.

step 1. foreign (generally western) company or investment fund or something buys a factory for peanuts. corruption might be involved.

step 2. that entity rolls up entire shop, sells equipment for whoever would buy it, and people get suddenly unemployed. this even happened to steelworks and shipyards

[–] o_d@lemmy.ml 1 points 1 year ago

That was called "shock therapy". That's not what's happening here.