re: Trump orders creation of US sovereign wealth fund, says it could own part of TikTok

So the government wants to influence the flow of information through a social media app.......what could go wrong.

We're quickly moving to Russian and Chinese versions of democracy and it sucks....

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I think majority state ownership of corporations in critical industries is exactly how you put a thumb on the scale in favor of the state's interests over the interests of the private shareholder's need for quarterly growth

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supporting socialism to own the libs

It's like telling liberals and progressives that they haven't gone far enough.

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I'm absolutely OK with taxpayers having passive upside.

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That's not where it stops.

Government is like a biological organism in that its primary drive is to live and grow. For government, growth = increasing control. As such, allowing the federal government to start owning parts of companies would be the very first step in nationalization.

At this point one could argue social media needs a public first amendment option. A public highway of personal opinion, if you will.

I just don't think it should be tiktok.

What's it called when the US owns a stake in all major corporations outside of the US?

I could see this being an effective carrot and stick if used properly. Option 1 is let the USSWF own part of your business to serve the American economy, or Option 2 is move your shite here and enjoy your private ownership.

I voted for Trump but I am like many… I don’t think the government should be I. The business of owning stock or enterprises…but I’m not too smart on how this could negatively affect us with the wrong folks in power. I mean, look at social security and how that’s been abused…

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lending

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Is not owning

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supporting socialism to own the libs

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Global capitalism - that is never going away no matter how many trade restrictions we can enact - with lassiez faire economics is a recipe for the complete desolation of the state. Corporations will do whatever increases shareholder value. They do not care about a state or people, only profit. There are only two ways for a state to really bind a corporation to the state and it is either by contracts or investment. At least investment means the state gets the dividends of the profits from the enterprise. Perhaps that is a way to eliminate taxes while keeping a similar level of infrastructure and social services?

China emerging from the rot of the late Qing Dynasty, World Wars, and revolutions has changed the game and they aren't playing by Friedman playbook. Refusing to realize this is like Dabo Swinney ending his emerging dynasty due to ideological commitments against direct player compensation.