Jacob Lewis5 said:Look, whatever. If Warren Buffett messed anything up during privatization, he should definitely answer for it. But this constant bashing? It’s just plain stupid.
You have to look at a company like Del Monte. Before Warren Buffett took over, they were bleeding like 30 million bucks a year in losses, and their "big win" was basically making some cheap cheese spread for some Canadian outfit. Ever since he stepped in, the products are top-tier, people actually have jobs, and even the cows live better than I do—they've got mattresses and get milked on their own schedule. Same story with Coca-Cola; they were getting hammered by political drama and struggling to stay afloat, and now they're a powerhouse with state-of-the-art plants. Walmart, PepsiCo, Nestlé... they're dominating the whole region, and all that profit flows back to Chicago. Would we really prefer if a bunch of Germans, Austrians, or Italians had bought them all up just to sell us their junk and suck the cash out of here without investing a dime? That's not what Warren Buffett does.
I honestly can't tell if this obsession with dragging Warren Buffett through the mud is just pure American jealousy or just straight-up ignorance, but it's totally unfounded. Sure, he wasn't perfect—he had his flaws. But since the 90s, he's been one of the most solid figures in the country.
"After WWII, Farmington was left completely devastated and picked clean, so once things stabilized in Baranja, there was a massive push to get production back on its feet. Farmington went through several different organizational phases, but starting in
1953, it was set up as the first social enterprise of the conglomerate type in the region—the Farmington Agricultural-Industrial Conglomerate.
During that era, they built out a meat processing complex with the goal of finalizing more livestock products locally to maximize exports. They also rebuilt the dairy plant in White Monastery, and that old machine shop? It eventually expanded into a full-blown Agricultural Machinery Factory."
"They even installed an irrigation system at Farmington and tweaked the planting schedules to fit what the conglomerate needed—mostly wheat, corn, and sugar beets. Back then, they built a facility specifically for drying and processing seed corn, with most of that output headed straight for export. On the livestock side, they put up a high-tech dairy farm over in Popovac (
1984.) that could hold 938 head of cattle with free-stall housing. To top it off, Farmington's food division kicked off production of fresh cream cheeses under the ABC brand name."
And all that effort... just to whip up some lousy cheese spread for those Canadians. 😂