• protist@mander.xyz
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    1 day ago

    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.

    • alvvayson@lemmy.dbzer0.com
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      1 day ago

      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.

      • protist@mander.xyz
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        1 day ago

        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