What if the government had invested in Apple or Microsoft in the 80's? We'd all be trust fund babies.
Hayek.
Whether this is a good idea or not is another matter, but this is fascism by any objective definition.
I heard this on FBN yesterday: While you might be ok with a government led by President Trump taking a stake in a major company, remember that it sets a precedent that will be used one day by someone you don’t trust, such as AOC, or Newsom.
Trump is a liberal on many economic issues and many plans would be destroyed on here if Obama introduced these
With stock, we immediately get something back. With grants, loans, land, and tax abatements, government may never see a thing for monies and time given. Consider Solyndra, for example.
Norway invested its pensions and state oil wealth into global stocks. Now worth $2.2 TRILLION, the largest in the world.
Laughable argument. The iPhone never would have been invented and we'd still be using Lotus software. Fedgov ownership stakes in private companies creates a whole new avenue for the worst sort of lobbying from entrenched interests that would kill competitive innovation.
I see no problem in the government investing in vital industry or vital infrastructure.
The military industrial compact is just being renamed folks....same govt, different businesses.
Weird how they said the same thing in Itlay last Century...
That turned out well... Right?