Ontario

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submitted 4 months ago by n3m37h@sh.itjust.works to c/ontario@lemmy.ca

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A company that nets $20 billion in revenue, recieved 44.3 million from Canadians, 20 Mil from Ontario

Once again... WHY?!?!

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[–] avidamoeba@lemmy.ca 17 points 4 months ago (1 children)

Because unlike China, we like publicly funding private enterprises without receiving any ownership. 🙂‍↔️

[–] ILikeBoobies@lemmy.ca 4 points 4 months ago (1 children)

It’s not just China

The US received ownership when they bailed out companies in 2008. They just sold it to recoup the investment instead of controlling the company

[–] avidamoeba@lemmy.ca 2 points 4 months ago

True but that was the exception to the rule. Most subsidies are given without any ownership stakes in return.