Poland launches new rules to prevent takeovers by non-EU investors

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[–]Canbot 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (3 children)

There is going to be a give and take here. This will cost them some potential investment capital, both financial and human. People who buy struggling small businesses usually intend to make them profitable with innovation. Obviously if they are only interested in buying the company while it is temporarily insolvent and sell it as soon as the economy picks up this is a different story. But ultimately the free market should be allowed to function. If the people who own these want to sell them that is their business.

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

" But ultimately the free market should be allowed to function. "

If only this was a free world.

[–]Canbot 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

In what way is there not a free market in small business investment? Saying simply that thieves exist therefore everyone should be a thief is illogical. The real problem with foreign investments is when the asset that is being sold is publicly funded or publicly owned to begin with, like roads and stadiums. That is where there is a perverse incentive for politicians to generate easy cash to the long term detriment of the people. I have a feeling that the politicians will still allow the perverse scenario to take place while illogically trying to fix the problem by clamping down on private transactions. If people want to sell their business they should. If they don't want to sell but are being forced to because of temporary financial problems the state can step in with interest free loans or even bailouts.

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

To start, if you're not an "essential" worker you are on lock step lock down. So much for a free market.

Here in Canada we have the most red tape in the world. Opening a small business it no small task.

I'm not saying there shouldn't be a free market. I'm saying there isn't. Whether it's tariffs or taxes or whatever, there is no such thing as an authentically anarchist market, aside from the now defunct dark net Silk Road Market and its imitators (largely infiltrated). It's a noble goal to aspire to and falling short of absolute greatness is still pretty great. But the ruling class won't have it, except for themselves - but those aren't free markets either as they're all rigged in their favour.

And now the capitalists and communists are merging as the ruling class oligarchs swallow the world while crushing everyone else with their manufactured crisis and stupid police state.