The article raises important questions like how the heck states get to ‘invest’ in the private sector in the first place, making them powerful market forces able to shape or destroy entire sectors of the economy on a whim. Only when these questions are addressed can any improvement on the situation take place.
EXCELLENT point!
I’d guess that the “state money” is in the form of retirement funds for state employees.
As such, they have a fiduciary responsibility to manage those funds for the maximum benefit of those employees.
Investing in government, that has never produced any tangible financial return would be verboten.
Help me out someone, wouldn’t moving funds to a different company for purely political, not for the best financial return reasons violate that fiduciary responsibility?