this post was submitted on 15 Mar 2025
170 points (100.0% liked)
Buy European
3527 readers
1928 users here now
Overview:
The community to discuss buying European goods and services.
Rules:
-
Be kind to each other, and argue in good faith. No direct insults nor disrespectful and condescending comments.
-
Do not use this community to promote Nationalism/Euronationalism. This community is for discussing European products/services and news related to that. For other topics the following might be of interest:
Feddit.uk's instance rules apply:
- No racism, sexism, homophobia, transphobia or xenophobia
- No incitement of violence or promotion of violent ideologies
- No harassment, dogpiling or doxxing of other users
- Do not share intentionally false or misleading information
- Do not spam or abuse network features.
- Alt accounts are permitted, but all accounts must list each other in their bios.
Benefits of Buying Local:
local investment, job creation, innovation, increased competition, more redundancy.
Related Communities:
Buy Local:
Buying and Selling:
!flohmarkt@lemmy.ca
Boycott:
!boycottus@lemmy.ca
Stop Publisher Kill Switch in Games Practice:
!stopkillinggames@lemm.ee
Banner credits: BYTEAlliance
founded 1 month ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is part of a more systemic issue.
In general, American capital has been buying up European assets for the past 20 years at a large scale.
Because of the way we (EU) prioritize workers, society and customers and they (US) prioritize shareholders and capital, their companies are always in a better position to take over our companies.
We need to protect our European companies in the same way China and Japan protect their companies.
You're really oversimplifying this situation, European multinationals do the exact same thing to US brands. Examples include Nestle, Unilever, and AB InBev, among many others.
Multinational corporations make a boycott of a specific country's products difficult, because oftentimes the factories that make the products may be within your country even if the top of the chain is located somewhere else.
No, you are attacking a straw man.
Of course it's not black and white, but the overall balance is much more towards American capital than European capital.
Even for a company like Unilever, American institutional investors hold a much larger share than European investors hold in Mondelez.
That's the point I was making.
I'm European and even I'm part of the American institutional investor class.
Retirement funds in stock based ETFs = everyone is part of these large insitutional funds. Until my requested change taked place, my fund mostly holds Blackrock (iShares) run ETFs and a few other American ones. Soon it'll be Xtrackers and a few other European ones with no US specific fund, but I'm not rich so this is a drop in the sea.
The GDP of the US is about $30 trillion USD while the GDP of the EU + UK is about $23 trillion USD. Europe has enough capital to effectively compete with the US, and it does. "American institutional investors" include a ton of foreign capital. This isn't a "David vs Goliath" situation