Lots of liberals on here parroting the "should have gotten out when they had the chance" line. In reality, the threat of capital flight is largely a myth. Sure, you can maybe escape with much of your finance capital, but you can't take the factories and the worker who fill them with you.

[–] skillissuer@lemmy.world -1 points 2 years ago* (last edited 2 years 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 2 years ago

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

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