In the US it’s the other way around. State is owned by the largest companies.
replicant86 on
I have a great idea. Let’s give the companies for free to the private sector and let’s watch them being bought by US and Germany. Also, can Leszek also bring up data for China?
wlodzi on
Would those be public utilities (the clue is in the name)?
niemacotuwpisac on
This may also indicate that in Poland, the private sector of companies that was supposed to control large part of the market doesn’t exist. Does this mean that capitalism failed because it didn’t create them?
The state did, but the free market didn’t?
Zdzisiu on
Because selling them would result in 95% of them going to foreign companies.
Acrobatic_Dog_1461 on
Balcerowicz musi odejsc!
Username-_Ely on
Leszek found there’s still something to sell. let’s gooooo
Tankudoraiba on
Yes, but also huge part of them are companies with high strategic value in the regard of stabilization of the country in the case of any emergency.
Uzi_002 on
Based. Balcerowicz is terrible example and shouldn’t be considered a good source.
MindfulGateTraveller on
Thats a good thing.
khurgan_ on
Yes, and the UK in particular is waking up to the reality that it has little to no leverage when it comes to its own country’s strategic resources, utilities, and interests in general. Meanwhile, the national debt—which was apparently supposed to be wiped out after 40 years of rampant privatisation—is higher than it has ever been.
ReinerRockflower on
Sounds a lot like a guy who wants to sell some assets to foreign states
Character4315 on
And that’s probably a good thing, otherwise you end up privatising the profits and sharing the losses. And it’s not even about communism as some American may say, it’s just to bring some balance, because capitalism to the extreme as we see these days is also very fucked up.
thrallx222 on
Yea, and what conlusion we want to take from this statistic?
Leszek B. ofc belives we need to sold all those companies to privat hands so his buddies and sponsors can get rich.
I think its says that our wonderful entrepreneurs are not so great as our liberal govs told us and even if some of them made succes they immidietly sell their companies to foreginer investors becose they dont give a shit about national economy and thats why those big companies we have need to stay in state ovnership 🙂
Gagan_Ku2905 on
WIG20: 55-60% State Owned
WIG40: 15-20% State Owned
If you’ll look across Finland, Norway, Spain…their top 30-40 also have majority State share, more than 20%. Wherever the Oil and Energy is the major industry state enters the picture. It’s not a fair comparison with US, their top companies are tech.
Switzerland for example also have roughly 30% state owner Banking. 51% state owned Telecom, whereas Poland has 0% state owned Telecom.
He’s not technically incorrect, but it’s a complete picture and fair representation of reality.
Aprilprinces on
Leszek – you already fucked up enough, now retire
bluberrry on
Problem?
fleaxel on
cry more capitalist 😀
pherkady on
I bardzo k…. dobrze
Afraid_Line_7948 on
Orlen, Jeronimo Martins, PGE Polska Grupa Energetyczna, PZU, PKO Bank Polski, Totalizator Sportowy, Enea, Tauron Polska Energia, KGHM Polska Miedź, Grupa Azoty.
These are Poland’s ten largest companies. Nine of them are 50% state-owned enterprises. All of them except Totalizator Sportowy and PZU are regarded as strategic, and every other country also has larger or smaller stakes in sectors considered strategic. It’s normal.
We simply don’t have giants like the top 10 German companies such as Volkswagen, Mercedes-Benz Group, BMW, Siemens, Allianz, SAP, and Deutsche Telekom – private companies with a global reach. Why is that, Leszek?
4sus on
Cytując moją babcię: Balcerowicz musi odejść!
lool8421 on
honestly i kinda would rather have the critical infrastructure be bound to the state so they can’t just milk the people by doing unreasonable price hikes that people can’t refuse to pay
still non-essentials seem to be better when privatized because in that case we get actual market competition with innovation and if companies do something stupid, then people have no problem with not paying for their products
IbilisSLZ on
What Balcerowich thinks: „Let’s sell rest of public assets so private sector can develop it as much as it can.”
What I see: „A lot public goods that were sold to private sector did not survive to this day as it was cheaper to dismantle factories and/or sell them to foregin capital which didn’t want competition.Meanwhile private sector wasn’t able to develop enough on it’s own without help of public sector to counter-balance this change… Let’s do it again with public companies that survied.”
No-Exercise-6031 on
Leszek is truly something else, and not on a good way
LowCall6566 on
Could it be that the majority of the economy is composed of small companies, and overrepresentation of state ownership in big ones is actually an indicator of healthy, competitive market economy?
25 Comments
In the US it’s the other way around. State is owned by the largest companies.
I have a great idea. Let’s give the companies for free to the private sector and let’s watch them being bought by US and Germany. Also, can Leszek also bring up data for China?
Would those be public utilities (the clue is in the name)?
This may also indicate that in Poland, the private sector of companies that was supposed to control large part of the market doesn’t exist. Does this mean that capitalism failed because it didn’t create them?
The state did, but the free market didn’t?
Because selling them would result in 95% of them going to foreign companies.
Balcerowicz musi odejsc!
Leszek found there’s still something to sell. let’s gooooo
Yes, but also huge part of them are companies with high strategic value in the regard of stabilization of the country in the case of any emergency.
Based. Balcerowicz is terrible example and shouldn’t be considered a good source.
Thats a good thing.
Yes, and the UK in particular is waking up to the reality that it has little to no leverage when it comes to its own country’s strategic resources, utilities, and interests in general. Meanwhile, the national debt—which was apparently supposed to be wiped out after 40 years of rampant privatisation—is higher than it has ever been.
Sounds a lot like a guy who wants to sell some assets to foreign states
And that’s probably a good thing, otherwise you end up privatising the profits and sharing the losses. And it’s not even about communism as some American may say, it’s just to bring some balance, because capitalism to the extreme as we see these days is also very fucked up.
Yea, and what conlusion we want to take from this statistic?
Leszek B. ofc belives we need to sold all those companies to privat hands so his buddies and sponsors can get rich.
I think its says that our wonderful entrepreneurs are not so great as our liberal govs told us and even if some of them made succes they immidietly sell their companies to foreginer investors becose they dont give a shit about national economy and thats why those big companies we have need to stay in state ovnership 🙂
WIG20: 55-60% State Owned
WIG40: 15-20% State Owned
If you’ll look across Finland, Norway, Spain…their top 30-40 also have majority State share, more than 20%. Wherever the Oil and Energy is the major industry state enters the picture. It’s not a fair comparison with US, their top companies are tech.
Switzerland for example also have roughly 30% state owner Banking. 51% state owned Telecom, whereas Poland has 0% state owned Telecom.
He’s not technically incorrect, but it’s a complete picture and fair representation of reality.
Leszek – you already fucked up enough, now retire
Problem?
cry more capitalist 😀
I bardzo k…. dobrze
Orlen, Jeronimo Martins, PGE Polska Grupa Energetyczna, PZU, PKO Bank Polski, Totalizator Sportowy, Enea, Tauron Polska Energia, KGHM Polska Miedź, Grupa Azoty.
These are Poland’s ten largest companies. Nine of them are 50% state-owned enterprises. All of them except Totalizator Sportowy and PZU are regarded as strategic, and every other country also has larger or smaller stakes in sectors considered strategic. It’s normal.
We simply don’t have giants like the top 10 German companies such as Volkswagen, Mercedes-Benz Group, BMW, Siemens, Allianz, SAP, and Deutsche Telekom – private companies with a global reach. Why is that, Leszek?
Cytując moją babcię: Balcerowicz musi odejść!
honestly i kinda would rather have the critical infrastructure be bound to the state so they can’t just milk the people by doing unreasonable price hikes that people can’t refuse to pay
still non-essentials seem to be better when privatized because in that case we get actual market competition with innovation and if companies do something stupid, then people have no problem with not paying for their products
What Balcerowich thinks: „Let’s sell rest of public assets so private sector can develop it as much as it can.”
What I see: „A lot public goods that were sold to private sector did not survive to this day as it was cheaper to dismantle factories and/or sell them to foregin capital which didn’t want competition.Meanwhile private sector wasn’t able to develop enough on it’s own without help of public sector to counter-balance this change… Let’s do it again with public companies that survied.”
Leszek is truly something else, and not on a good way
Could it be that the majority of the economy is composed of small companies, and overrepresentation of state ownership in big ones is actually an indicator of healthy, competitive market economy?