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Defence giant Lockheed Martin acquires N.S.-based undersea warfare company (www.cbc.ca)
submitted 1 week ago by to c/canada@lemmy.ca
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United States defence and aerospace giant Lockheed Martin has acquired Nova Scotia-based undersea defence company Ultra Maritime for $3.45 billion US.

Don't we want to keep our home grown industries?

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[–] 8 points 1 week ago (4 children)

Sad...and then we try to get away from the states. It's all about $$$ :(

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  • [–] 5 points 1 week ago (3 children)

    Capitalism is a death spiral

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  • [–] 3 points 1 week ago* (1 child)

    The already mostly foreign owners will brag about their exit, Lockheed Martin will shutter canadian jobs, and canada loses out. Now we learned from Stelco that Americans are buying up canadian tech just to destroy it. We need to wake up. US are our enemies.

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  • [–] 1 point 1 week ago

    Capitalism is when the free market threatens feudalism, so the aristocracy slowly twists and abuses laws (like making a corporation a person, for a start) that deforms and shrivels the free market and turns it into feudalism once again.

    Capitalism is where the wealthy stay wealthy, and the rest of us defend it as freedom because we think we have no other option. It is not a death spiral, it is a wealth pump that is busily pumping in the wrong direction

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