(April 6, 2009 at 12:35 pm)Tiberius Wrote: Ok, evidently I was mistaken, but it does not change the fact that the founder is Swedish and is a multi-billionaire.
I am not disputing that, but I find Ikea in itself is a bad example since the revenues from the company does not come out of Sweden but out of the Netherlands. There has to be a reason for that, and my guess would be the political/fiscal climate of Sweden.
Quote:I found another example, the company Ericsson which has an even greater revenue than IKEA is located in Sweden.
You mean Sony-Ericsson? Either way, that really doesn't say all that much.
Quote: I'm sure I could find many more multi-billion dollar companies in Sweden, so I fail to see how it is a socialist state?
MTN is an African multi-billion dollar company, that does not reflect on the companies origin or the countries it operates in, it is just where the business started.
I do not consider Sweden any more a socialist state as I do the Netherlands where there are socialistic principles in its government. But using the origin of multinational companies as an example against the political structure of the country is not correct.
If companies grow and the political structure of a country inhibits the capitalistic growth of that company they place their financial and fiscal headquarters somewhere else.
Best regards,
Leo van Miert
Horsepower is how hard you hit the wall --Torque is how far you take the wall with you
Leo van Miert
Horsepower is how hard you hit the wall --Torque is how far you take the wall with you
