For example this place: they have to rent this area in the center of the capital. That’s not cheap for them. There’s plenty of employees inside the restaurant.
But if burger King wasn’t there, another restaurant would be in that place, paying that rent and salaries. There’s nothing unique about burger King that creates net new jobs. They didn’t build that building. Or anything for that matter. They don’t have some kind of unique technology or product. They don’t enable any new processes or offer new capabilities to anyone. If that place was owned by “aunt Marie Burgers and Frites” it would be a net positive for the area and the country.
Money coming inside of Belgium is a good thing. It funds development. This building has a renter. Aunt Marie burgers and frites’ money is being used elsewhere in the country for other development.
The pie got larger.
China became relevant because of foreign capital. Nothing else.
We should motivate foreigners to pour their capital into Europe.
There is no capital moving in. It’s not a new factory. It’s not a new technology. It’s not a novel product that didn’t exist before. They don’t even export anything. They pay the rent with money from their customers, just like anyone paying taxes in Belgium would. There is only capital moving out.
I don’t think burger King creates new jobs or invest a lot of capital in the country.
For example this place: they have to rent this area in the center of the capital. That’s not cheap for them. There’s plenty of employees inside the restaurant.
But if burger King wasn’t there, another restaurant would be in that place, paying that rent and salaries. There’s nothing unique about burger King that creates net new jobs. They didn’t build that building. Or anything for that matter. They don’t have some kind of unique technology or product. They don’t enable any new processes or offer new capabilities to anyone. If that place was owned by “aunt Marie Burgers and Frites” it would be a net positive for the area and the country.
Money coming inside of Belgium is a good thing. It funds development. This building has a renter. Aunt Marie burgers and frites’ money is being used elsewhere in the country for other development.
The pie got larger.
China became relevant because of foreign capital. Nothing else.
We should motivate foreigners to pour their capital into Europe.
There is no capital moving in. It’s not a new factory. It’s not a new technology. It’s not a novel product that didn’t exist before. They don’t even export anything. They pay the rent with money from their customers, just like anyone paying taxes in Belgium would. There is only capital moving out.
So from a bit of research. The place is owned by Carl Goris. Someone living in Brussels. 99,5% of burger Kings worldwide are owned by franchisees.
So about 6 to 10% of the revenue goes to USA.
It’s up to you to decide if you think boycotting 90 to 94% local revenue to hinder 6 to 10% USA revenue is worth it.
It’s not boycotting local revenue. It’s going to the kebab place or pizzeria that leaves 100% of their revenue in Europe.
Aight you’re right, in this case there’s no capital inflow. Franchisees will stop using American branding if it doesn’t bring them customers