It totally doesn’t. It’s even called Capitalism as a nod to the fact you need a shit load of money (capital) to start a business - and to become notable.
So companies and people who are already successful or already backed by wealthy interests automatically have a leg up and a head start under CAPITALism.
It was unknowingly. The computer was branded as Blue Chip, but inside everything was labeled Hyundai. I got curious and peeled the label off the front, underneath was a Hyundai label. I never looked into if blue chip was a local company rebranding, or if it was legit part of Hyundai.
If you want to talk weird computer brands you can’t beat Tandy. Unlike everyone else here Tandy has only ever sold two things: leather and leatherworking equipment, and personal computers. No heavy machinery, no transitional products. No, this leather company decided that personal computers were the next big thing and that they were the people to sell them.
Craftsman, the tool brand, was an in-house brand for Sears, along with Kenmore appliances, Die Hard batteries, Land’s End clothing, etc.
But the whole reason why there is a style of house called Craftsman homes is because Sears used to sell house kits as huge Ikea-style pre-cut lumber to be assembled on site according to their instructions.
Sears also sold insurance under its Allstate insurance subsidiary, houses under its Coldwell Banker real estate brokerage, and all sorts of consumer finance through its Discover card.
Costco and Kirkland. Though I imagine Sears and co had to actually manufacture that stuff. Kirkland is probably rebranded Chinese stuff. (If you order enough, the Chinese company will put whatever brand sticker you want on it. You can have booly TVs if you order ten thousand.)
I’d suggest reading into the Keiretsu Corporations that the US supported during the occupation era. In short, the US had a pretty big interest in creating a series of companies more powerful than the government (sound familiar), because they’d be more loyal to the US (AKA: “Capitalism, The Country”). Keiretsu follows some uniquely Japanese concepts like interdependence and societal betterment that you don’t really see affecting many western companies
Not necessarily although I hadn’t heard of Saudi Aramco until your comment.
In western terms, the Keiretsu combined vertical and horizontal integration; only a handful of companies owned almost every level of production and had “gentleman’s agreements” to avoid heavy competition with one-another. What makes the Keiretsu unique is that the companies were chosen and consolidated by the US government and structured to be sympathetic to America and unlikely to rebuild the Imperial Army. Former fighter plane manufacturers were made into electric keyboard makers, rifle companies became borers for motors for small cars, etc. It’s why you get scenarios like the OP meme
20% of their market value, 15% of their economy, Hyundai and Kia (which aren’t the same company on paper only) are the other two giants with SK not too far behind them, all of them together must be about a third of Korea’s economy…
Isn’t corporate structures really, but brand value. Like Nestlé, paying Starbucks to sell Nestlé coffee branded as Starbucks, Prudential pays Sony to sell Prudential life insurance with the Sony brand.
Disney ruined the Hitman industry. There used to be hundreds of small, Mom and Pop assassin bureau’s that maybe didn’t always succeed in killing the target but you could tell they cared about ending people’s lives. They put heart and soul into the assassination business. But now Disney has googled all of them up and it’s just one cookie cutter hit after another. No creativity, no imagination. They pretty much just walk up to their targets in broad daylight then use the Disney lawyers on the back end if anyone tries to stop them. I sure miss the good old days.
They was a joke. I don’t think Disney is running an assassin business, they’re not Boeing.
Nobody does everything like a Japanese company.
Fun fact: Sony makes most of its money selling life insurance policies in Japan.
PlayStation is just a side project.
How is this possible? This goes against the laws of capitalism
Are you thinking of anti-monopoly laws of the state?
It totally doesn’t. It’s even called Capitalism as a nod to the fact you need a shit load of money (capital) to start a business - and to become notable.
So companies and people who are already successful or already backed by wealthy interests automatically have a leg up and a head start under CAPITALism.
lol .ml user, of course
And samsung makes most of its money selling shipping containers
And Hyundai makes ships and tanks among other things.
Hitachi makes heavy machinery and my wife’s favorite back massager
/*grabs a screwdriver and a flash drive and runs to nearest korean tank */
Honda makes cars, motorcycles, and checks notes a humanoid robot?
My first computer, back in 84 or so, was a Hyundai.
The money you paid for it back then provided that vital funds which drove the company to turn into a global conglomerate it is today!
EDIT: You just reminded me my first CD-ROM drive was made by Hyundai!
It was unknowingly. The computer was branded as Blue Chip, but inside everything was labeled Hyundai. I got curious and peeled the label off the front, underneath was a Hyundai label. I never looked into if blue chip was a local company rebranding, or if it was legit part of Hyundai.
If you want to talk weird computer brands you can’t beat Tandy. Unlike everyone else here Tandy has only ever sold two things: leather and leatherworking equipment, and personal computers. No heavy machinery, no transitional products. No, this leather company decided that personal computers were the next big thing and that they were the people to sell them.
I never realized Tandy computers and Tandy leather were the same company.
Sears kinda used to be like that in the U.S.
Craftsman, the tool brand, was an in-house brand for Sears, along with Kenmore appliances, Die Hard batteries, Land’s End clothing, etc.
But the whole reason why there is a style of house called Craftsman homes is because Sears used to sell house kits as huge Ikea-style pre-cut lumber to be assembled on site according to their instructions.
Sears also sold insurance under its Allstate insurance subsidiary, houses under its Coldwell Banker real estate brokerage, and all sorts of consumer finance through its Discover card.
Costco and Kirkland. Though I imagine Sears and co had to actually manufacture that stuff. Kirkland is probably rebranded Chinese stuff. (If you order enough, the Chinese company will put whatever brand sticker you want on it. You can have booly TVs if you order ten thousand.)
Remington makes bullets, knives, guns, razor blades, motors all sorta random crap. It’s a old company diversifying thing not a nation specific thing.
I’d suggest reading into the Keiretsu Corporations that the US supported during the occupation era. In short, the US had a pretty big interest in creating a series of companies more powerful than the government (sound familiar), because they’d be more loyal to the US (AKA: “Capitalism, The Country”). Keiretsu follows some uniquely Japanese concepts like interdependence and societal betterment that you don’t really see affecting many western companies
Are they anything like Saudi Aramco?
Not necessarily although I hadn’t heard of Saudi Aramco until your comment.
In western terms, the Keiretsu combined vertical and horizontal integration; only a handful of companies owned almost every level of production and had “gentleman’s agreements” to avoid heavy competition with one-another. What makes the Keiretsu unique is that the companies were chosen and consolidated by the US government and structured to be sympathetic to America and unlikely to rebuild the Imperial Army. Former fighter plane manufacturers were made into electric keyboard makers, rifle companies became borers for motors for small cars, etc. It’s why you get scenarios like the OP meme
South Korea would like a word
Their economy is pretty much based on Samsung
Smasnug?
I sold the E to them, they’re Samesung now.
Just like that you’re going to go on the internet and admit to dealing E. Under your real name no less!
Samsung’s like 20% of their GDP, completely bonkers
20% of their market value, 15% of their economy, Hyundai and Kia (which aren’t the same company on paper only) are the other two giants with SK not too far behind them, all of them together must be about a third of Korea’s economy…
I know there’s Hyundai heavy industry. Is there Kia heavy industry?
No but the cars are basically the same (same platform, engines, software…) so Kia’s numbers should be counted as part of Hyundai’s
It’s not Sony, it’s Prudential. They’re sold under Sony’s name, but they only get a fraction of what Prudential get.
Aren’t corporate structures fun‽
Isn’t corporate structures really, but brand value. Like Nestlé, paying Starbucks to sell Nestlé coffee branded as Starbucks, Prudential pays Sony to sell Prudential life insurance with the Sony brand.
So Sony makes cameras, games consoles and also is an insurance company.
Samsung makes phones, TVs and military tech. Hitachi makes diggers and vibrators.
And Disney makes movies, theme parks and offer hitman services.
hope the last one will never come true
Disney ruined the Hitman industry. There used to be hundreds of small, Mom and Pop assassin bureau’s that maybe didn’t always succeed in killing the target but you could tell they cared about ending people’s lives. They put heart and soul into the assassination business. But now Disney has googled all of them up and it’s just one cookie cutter hit after another. No creativity, no imagination. They pretty much just walk up to their targets in broad daylight then use the Disney lawyers on the back end if anyone tries to stop them. I sure miss the good old days.
They was a joke. I don’t think Disney is running an assassin business, they’re not Boeing.
Honeywell makes barcode scanners and nuclear bombs.
I think they make thermostats and thermal pads too