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.
ruun666 on
Wszystko sprzedane
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.
Valthean on
Poland basically running a stateasponsored monopoly league
ReinerRockflower on
Sounds a lot like a guy who wants to sell some assets to foreign states
Sayak_AJ on
Balcerowicz musi odejść
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.
Some_BullCrap_Lurkin on
This guy is thoroughly hated by majority of poles as sole reason 90′ were as shitty in poland. He moved poland from communism to capitalism… let’s say i believe only closenes to germany ( they wanted to use polish workforce ) was reason why poland haven’t turned into oligarchy like ruskies and ukraine. Best thing he could do is to stop speaking at all
YamroZ on
Good.
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 🙂
LeMe-Two on
Would be based if only there were no ghost positions for „pociotki“
Minute_Ostrich196 on
Yup. WIG20 is private farm field of a government. That’s why people invest in flats and inflate the prices through the roof for regular person
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.
Muffinlessandangry on
The Norwegian own 1/3 of publicly traded companies in Norway. So that’s not even including state owned enterprises.
Aprilprinces on
Leszek – you already fucked up enough, now retire
bluberrry on
Problem?
fleaxel on
cry more capitalist 😀
Dantael on
I see this as a great success! Being on the other side from the US on any specrum is good
pherkady on
I bardzo k…. dobrze
0x645 on
and, what;s the problem here?
doker0 on
Any this is why we should not go into dept anymore. Youbknow what will be the first demand to default? Privatization! No way! Better lose international trust then sell our goods.
0Verte on
Liberal is whining, because he wants to buy gov companies for a dime just like in 90s
8urn75n0w on
And for some reason we still almost got to G20. The horror.
LoL__2137 on
Balcerowicz musi odejść
Gom8z on
Pray it stays that way in Poland because if you ask me its likely going the other way.
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?
Parpok on
it should be more tbh
4sus on
Cytując moją babcię: Balcerowicz musi odejść!
kekemeke2137 on
Dziadku to nie tu się wpisuje
Glass-News-9184 on
He’s been twitting from the nineties for the last twenty years.
hphp123 on
and we achieved the second largest GDP growth after China in the last 35 years this way
Tbf, if they didn’t they’d probably get all bought up by Germany on the cheap xp
Mr_Bivolt on
That’s not really hard when most of these companies are either utilities or strategic assets.
Romeo_4J on
Wow I didn’t know Poland was based
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
46 Kommentare
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.
Wszystko sprzedane
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.
Poland basically running a stateasponsored monopoly league
Sounds a lot like a guy who wants to sell some assets to foreign states
Balcerowicz musi odejść
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.
This guy is thoroughly hated by majority of poles as sole reason 90′ were as shitty in poland. He moved poland from communism to capitalism… let’s say i believe only closenes to germany ( they wanted to use polish workforce ) was reason why poland haven’t turned into oligarchy like ruskies and ukraine. Best thing he could do is to stop speaking at all
Good.
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 🙂
Would be based if only there were no ghost positions for „pociotki“
Yup. WIG20 is private farm field of a government. That’s why people invest in flats and inflate the prices through the roof for regular person
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.
The Norwegian own 1/3 of publicly traded companies in Norway. So that’s not even including state owned enterprises.
Leszek – you already fucked up enough, now retire
Problem?
cry more capitalist 😀
I see this as a great success! Being on the other side from the US on any specrum is good
I bardzo k…. dobrze
and, what;s the problem here?
Any this is why we should not go into dept anymore. Youbknow what will be the first demand to default? Privatization! No way! Better lose international trust then sell our goods.
Liberal is whining, because he wants to buy gov companies for a dime just like in 90s
And for some reason we still almost got to G20. The horror.
Balcerowicz musi odejść
Pray it stays that way in Poland because if you ask me its likely going the other way.
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?
it should be more tbh
Cytując moją babcię: Balcerowicz musi odejść!
Dziadku to nie tu się wpisuje
He’s been twitting from the nineties for the last twenty years.
and we achieved the second largest GDP growth after China in the last 35 years this way
https://preview.redd.it/gicuul0kywvg1.jpeg?width=1200&format=pjpg&auto=webp&s=77ff3345ec3c2cd4565fb31ea5f6ef803d948d60
Tbf, if they didn’t they’d probably get all bought up by Germany on the cheap xp
That’s not really hard when most of these companies are either utilities or strategic assets.
Wow I didn’t know Poland was based
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
https://preview.redd.it/verhtihb1xvg1.jpeg?width=1220&format=pjpg&auto=webp&s=42d0a3ad671e1f6cd623e8f594c4c51c7e3d8d2f