Linked by Thom Holwerda on Mon 10th Dec 2012 16:30 UTC
In the News "So sprawling is Samsung's modern-day empire that some South Koreans say it has become possible to live a Samsung-only life: You can use a Samsung credit card to buy a Samsung TV for the living room of your Samsung-made apartment on which you'll watch the Samsung-owned pro baseball team. Samsung is South Korea's greatest economic success, and, more recently, the subject of major controversy. Economists, owners of small- and medium-size businesses, and some politicians say Samsung no longer merely powers the country but overpowers it, wielding influence that nearly matches that of the government." Campaign contributions, moles in political offices and chambers, this Samsung stuff - this is what happens when companies are left unchecked. It's cute if you think this only happens in Korea. Much of it all is legal, but that doesn't make it right.
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RE: Nationalize
by Soulbender on Wed 12th Dec 2012 03:07 UTC in reply to "Nationalize"
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There is one solution to fix this problem without any negative effect: nationalize it.

Because having corrupt government officials running Samsung would be an immense improvement...

It will generate very confortable revenue that can be used to lower the taxes on everyone,

Does South-Korea has unusually high tax pressure or something?

Of course, some people will cry communist

Seriously though, I think there are things that should be "nationalized" (healtcare, education etc) but electronics & phone manufacturing is not one of them.

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