It's socialism, after all, for the Government to own an interest in a company.
Covered yesterday on YC.[1]
replies(4):
Covered yesterday on YC.[1]
The chip fab industry builds billion dollar bespoke superfund sites, and they're paid for the privilege.
https://www.jstor.org/stable/j.ctv65swcp.5 | https://doi.org/10.2307/j.ctv65swcp.5
The US government doesn't need leverage. It just needs an act of Congress. Corporations are convenient fictions that exist at the pleasure of our legal system, which can be changed.
https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...
US federal government is the biggest player in healthcare, by far. 32% of all healthcare spending is Federal government dollars. They have plenty of leverage. Bad if they use it, but they have it.
$900+ billion in Medicare yearly $600+ billion in Medicaid yearly
What would the value add for either party be?
[0] https://en.wikipedia.org/wiki/Famine,_Affluence,_and_Moralit...
This is not likely.
That’s a fair point. I agree that my phrasing glosses over a bit of nuance. The political capital needed to reform the insurance companies would be hard to wrangle for anyone else but Trump, was my point. The government in many states regulates the insurance industry as far as rate increases and so on, so I’m sure they can apply pressure in many ways. I just don’t think that the government would do so, but they could in theory. I’m not sure they would in practice, but you were right to call me out.
The state could represent interests like "keeping high-paid jobs on-shore" or "avoid legal/labour/environmental standard arbitrage" that regular investors won't vote for.