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S3 Ep7: Capitalism and the Sea ( Mads Barbesgaard in Conversation with Liam Campling and Alex Colás)

State of Power

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Shipping - A World of Diversity

At the top here, there are significant profits and but there is also significant risk. And so you have some companies like hangin, in the summer of thousand and 16, collapsed a but one of the reasons why it collapsed is because it was in such incredible debt. About 60 % of its fleet was owned by others. The south karean state did buy out its competitor, the hiundi merchant marine. What this little case can have shows is that even in these rles industries that are coing the background there, some of them are too big to fail - or at least those that are favoured by the state.

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