Uhm, Samsung is probably the worst example the author could have picked. These Chaebols are basically mafia organisations that have a severe negative impact on South Korea’s democracy and larger society.
In general this idea of needing “national champions” is extremely misguided and only leads to undemocractic structures having an outsized influence on the government.
Isn’t the article about moving up the value chain rather than creating national champions?
So why bring the example of Samsung then?
I thought it was a (bad) example for the main argument
No, I think it is rather an example of the mindset that only large conglomerates can be at the top of the value chain and given that most of the current eastern European suppliers work for such I guess that is a easy mistake to make from that perspective.
But the old growth model is reaching its limits.
Fuck yeah!
Too much of Central and Eastern Europe still sits in the middle of value chains rather than at the top of them.
Oh… In that way. I hate this constant king of the hill. It is like we will never have enough until people understand resources are much scarcer than they seem.
