DarkSpectrum@lemmy.world 10 months ago
Isn’t it funny how theres always a company that nobody has ever heard of behind every big brand that everybody knows about?Containerised liability assigned to nonexistent entities.
Heck the name of the brand doesn’t have to be the same as the name of the company.
It is also standard practise to do in basically every country. It helps with liability, but it also helps when you want to sell parts of the company and can help for tax reasons as well.
I have seen companies with similar structures who only have a couple of hundred thousand euro of revenue.
I remember in geography learning that Merlin entertainment is behind a lot of our major theme parks. Yeah it’s a thing
I frankly don’t know how you have lived this long and not heard of them. This is more of you problem versus everybody else problem.
Containerised liability assigned to nonexistent entities.
That is how corporations avoid antitrust lawsuits. They know what they’re doing.
Conde Nast was a big name in the magazine publishing business for decades.
But not for laymen.
But for laywomen 🤣!
Wilco@lemm.ee 10 months ago
This is how the USA works now. Not just unethical companies and monopolies but super monopolies and upright evil companies. If you ever want to make yourself mad Google EssilorLuxottica, it is the largest eyeglass manufacturer, sunglass manufacturer, eyeglass retailer … and believe it or not it also owns Eyemed eye insurance. It’s not the biggest eye insurance company … yet.
cuteness@sh.itjust.works 10 months ago
Vertical integration that leads to self dealing like this should be considered anti competitive and illegal.
Unfortunately in US healthcare it’s the norm.
desktop_user@lemmy.blahaj.zone 10 months ago
companies shouldn’t have limits on how far they can grow, and vertical integration is almost impossible to regulate as it’s just manufacturing a product from start to finish.
Initiateofthevoid@lemmy.dbzer0.com 9 months ago
The same company manufacturing eyeglasses and providing vision insurance isn’t “start to finish” manufacturing.
Wilco@lemm.ee 9 months ago
The US does operate on the principle that companies should actually have limits on how far they can grow. This was set forth in the Sherman Act of 1890. The fact that it was not there at the founding of the country, embedded in the constitution, is probably a contributing factor on why the US is falling into corruption today. The main cause is of course political parties, which should have been made illegal. George Washington predicted our current future in his exit speech when he said that political parties would be the downfall of the US … he was right.
CalipherJones@lemmy.world 10 months ago
Monopolies aren’t your friend.