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by e4e78a06 1611 days ago
Volvo - exploits poorly paid non-union workers in countries like Mexico to make cars and/or car parts

Ericsson - charges telecom companies a fortune for crappy gear because there's only 2-3 leading edge 5G equipment providers, which in turn makes it more expensive for people to get telecom service

H&M - sweatshop labor for clothes manufacturing

I only went through the first half but there are a number of companies in there that exploit poor people. I'll also add this link [0] which shows Sweden has very low corporate income tax and most of Swedish government income comes from taxes on labor and goods (VAT), which is hardly the high corporate tax model that most left wing Democrats are pushing today.

[0]: https://www.oecd.org/ctp/tax-policy/revenue-statistics-swede...

2 comments

Yeah, Sweden is anti-progressive. As a worker I pay ~40% income tax and 25% sales tax.

Meanwhile there is no inheritance tax, relatively low capital gains tax (or none on ISK accounts), and low corporation tax.

It's designed to preserve wealth for those who inherit property.

> I only went through the first half but there are a number of companies in there that exploit poor people

I didn't say that they didn't, I said that they did but the GP listed weren't the biggest examples.