Brexit.

Sid

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Global economy?

Why aren't they complaining that a nice chunk of the worlds airplanes fly with Rolls Royce engines, Shell sells petrol around the world and Unilever all kinds of everything from tooth paste, peanut butter and soaps in practically every country in the western world?
Just to mention a few British investments abroad.
 
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Arkady Arkright

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Global economy?

Why aren't they complaining that a nice chunk of the worlds airplanes fly with Rolls Royce engines, Shell sells petrol around the world and Unilever all kinds of everything from tooth paste, peanut butter and soaps in practically every country in the western world?
Just to mention a few British investments abroad.
It depends who actually owns those 'British' companies - e.g. the biggest shareholder in Rolls-Royce is an american private equity firm, Envestnet Asset Management Inc. Shell's biggest shareholder is BlackRock Inc, another american investment firm. Unilever is a joint venture between Unilever UK, and Uniliver Netherlands. Very few 'British' companies are largely owned by UK organisations these days, and you can be sure that the dividend pay-outs aren't mainly ending up in British coffers .
 
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Sid

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It depends who actually owns those 'British' companies - e.g. the biggest shareholder in Rolls-Royce is an american private equity firm, Envestnet Asset Management Inc. Shell's biggest shareholder is BlackRock Inc, another american investment firm. Unilever is a joint venture between Unilever UK, and Uniliver Netherlands. Very few 'British' companies are largely owned by UK organisations these days, and you can be sure that the dividend pay-outs aren't mainly ending up in British coffers .
In the end it is share holders from all over the world.
Major companies belonging to only people from ones own nation is history that will not likely return any time soon.
If one has money, one can invest in shares from companies all over the world.

That's why I started with global economy.
 
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Luisa Land

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Of course, at the end of the day, the potential profit, the expected profit for the shareholders or whoever "owns" the company,(whether they are "local" or foreigners), determines the course of action of the company's management. Whether in the short or long term
However, the location, the country in which the company is located, determines a whole range of production and trade conditions. And these differ considerably in parts between the UK and the EU.

Therefore, it is not unimportant in which country a company is based.
"Global economy" or not
 

Arkady Arkright

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Of course, at the end of the day, the potential profit, the expected profit for the shareholders or whoever "owns" the company,(whether they are "local" or foreigners), determines the course of action of the company's management. Whether in the short or long term
However, the location, the country in which the company is located, determines a whole range of production and trade conditions. And these differ considerably in parts between the UK and the EU.

Therefore, it is not unimportant in which country a company is based.
"Global economy" or not
You're assuming the activities of the company take place in the country in which it is nominally 'based'. If you're selling clothing produced by exploited labour in the sweatshops of some far-distant country, the local laws of that country will prevail in that production process, not your own.
 

Sid

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Oh well, as long as the Big Ben Tower clock produces it's world famous melody on time....
 
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Sid

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There are moments that I think the best solution is to ship the UK to the middle of the Atlantic. Sigh.
It will take some effort but only the best of the best for the UK's finest political filosophers.