Let me break down what Dragec is saying here:
"Goods in America carry a 300 percent markup just to convince local consumers that our products are overpriced and can't compete in the market."
That’s exactly how domestic goods get marked up. Why didn't he go after someone like Walmart? They're the ones setting those margins. ☕
"The most obvious issue is when banks tell us ownership has changed—that it's no longer an American but a Mexican—and suddenly they can't use the subsidized credit granted before privatization, or before the firm was bought in America. Then they hit us with a bill for all the subsidies that company received under the investment credit while it still had an American owner."
Honestly, I don't follow this logic. He needs to come forward with actual data. My guess is the loan was from the Federal Reserve or some similar agency, and once a foreign entity takes over, they lose eligibility for those specific subsidies. That’s how it usually works. I highly doubt banks—which are basically 99% foreign-owned anyway—would deny subsidies just because the owner is a Mexican. 🤣