Afaik, it’s not Chinese stockholders profiting from their slavery-like practices, their operations in China have to comply with the Chinese framework. Also if the Chinese people can benefit from increased living standards, if any, from the commoditied these companies offer, why should they feel bad?
Some of these have different business models in China than in the rest of the world, for example fast food chains like KFC, McDonalds, pizza hut can’t compete in the cheap food market in China and have had to become middle to high end restaurants with completely localized menus.
The McDonalds joint venture in China also functions from bottom-up workplace democracy, and the profit is split 3 ways: the Chinese state gets the largest share (I think), then the workers, and then McDonalds only gets like 19-25-ish percent of the profit.
Afaik, it’s not Chinese stockholders profiting from their slavery-like practices, their operations in China have to comply with the Chinese framework. Also if the Chinese people can benefit from increased living standards, if any, from the commoditied these companies offer, why should they feel bad?
Some of these have different business models in China than in the rest of the world, for example fast food chains like KFC, McDonalds, pizza hut can’t compete in the cheap food market in China and have had to become middle to high end restaurants with completely localized menus.
The McDonalds joint venture in China also functions from bottom-up workplace democracy, and the profit is split 3 ways: the Chinese state gets the largest share (I think), then the workers, and then McDonalds only gets like 19-25-ish percent of the profit.