The fall of Nokia has decimated Finland's economy: "By 2000, Nokia accounted for a mindboggling 4% of Finnish GDP, 70% of Helsinki's stock exchange market capital, 43% of corporate R&D, 21% of total exports and 14% of corporate tax revenues. It was and still is unprecedented."

While there may be some good sectors where small and medium sized companies may have some advantages from the restrictions, that's hardly a good argument. Really, I find it hard to think of any good sectors where I would prefer a local company, versus one that has a economy of scale advantage. SME's also need big companies to work with, learn from, and if sucessful on the market, they have a lot of chances to quickly develop, and eventually hit to become a multinational themselves.

Can you imaigne if, let's say BMW, were restrictied from Romania? I remember Dacia's and how shit that company and the cars they produced were. If imports on cars were limited, and romanian people had to buy a nationally produced car, imagine the amount of effort and money it would have to be invested in order to develop the know-how and technology to make a car, not to mention a good one such as the ones we presently have with GSP's, self-deployable airbags, and hopefully in the soon future electric self-driving cars.

Let's take another market for example, software or video games. Without big companies training people, providing the know-how and the opportunities to develop, both for individuals and for small-medium and other companies, can you imagine a local "protected" company coming up with some of the softwares and video games we have now?

The shit we got isn't easy to make or do. There's a lot of money that goes into this, and a lot of effort. The multinational companies are best because they provide what consumers want, and they do it on cost-effective terms. Otherwise, they would get kicked outta the market. Competition for SME is tough, and it's hard, maybe harder for them to develop in the current globalized status quo, but the alternative of protecting them and therefore limiting consumers, I think we can all agree that for the great good, of both people in the country and human development, is a bad decision.

/r/europe Thread Parent Link - demoshelsinki.fi