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Tesla's Nordic labor crisis drags on as a Danish pension fund dumps its shares in Elon Musk's EV maker
(markets.businessinsider.com)
this post was submitted on 07 Dec 2023
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If you make more money than your competitors in the short term then you can buy them out
Nah. There's a cut off point somewhere between "making a profit" and "making a large scale company". The personally owned and personally controlled companies that are happy with turning a profit using whatever means they think are necessary will never be able to buy out the companies that are controlled by an elected board who knows that it is necessary to invest in their staff. Quite the contrary. The professional businesses buy out the smaller ones.
Despite Musk being extremely wealthy, he's still acting like he's running a family business in the most unprofessional manner. Tesla had a good run disrupting the industry being first with long range batteries, but the larger car manufacturers have caught up and they have the infrastructure to back it up and staff that will do their job. Unlike Tesla currently.
Canβt say Iβve ever heard someone argue that the mega corps are the good guys and the family companies are the bad ones
In Euro scale so it is. The family businesses are the ones that steal from the tip jar, while the big companies are generally more lawful and democratic.
This is because of unions. It's easy to cheat one guy on a payslip. It's impossible to cheat on 100 payslips of which 80 of them are in a union. When caught it's easy to pay off one guy whatever is owed. It's a stupid bet to try and cheat 100 guys who have a union to pay for their lawyers even if it's just a minor mistake. Big companies in Europe need to play by the rules for their own sake and not create risky situations like Musk is doing now. Musk might be smarter than a car mechanic but he can't "outsmart" an entire sector of mechanics.
Of course, big companies might be bad for other reasons, like for smaller entrepreneurs, just the same as everywhere, but they're generally better for the employees.