That’s interesting because there are a lot of European companies with huge foreign investors (Spotify I think falls under this) where a giant share of the profits are going to foreign oligarchs and hedgefunds.

But then companies like Nothing (phones) who literally only have a sales office and are registered in London, but the entire business is carried out in China (design, manufacturing, coding, etc…) So the business is basically 80% chinese. I guess technically the profits are registered to a European country, but the CEO getting the profits was born in China, is a Swedish citizen, and has exclusively worked in the Chinese phone industry in China until this. (I don’t know if he is a dual citizen actually)

I think profits are only one part of the puzzle. Manufacturing being within Europe is very important also because the loss of manufacturing means you are completely reliant on others for basic functions (smartereveryday on YouTube actually has a good example of this but for America), also the wages for workers is another piece.