I don’t underestimate our Dear Leader’s ability to do it badly, but isn’t a sovereign wealth fund typically a good idea?

  • CrimeDadOPEnglish
    2•1 month ago

    That’s what I’m thinking, that in the right hands a sovereign wealth fund would give the government a more subtle and possibly more effective means to acquire controlling stakes in various corporations than eminent domain.

    • @SoftestSapphic
      2•1 month ago

      Let’s be real none of the money that Elon Musk is adding to his pile is going to help people.

    • @[email protected]
      2•1 month ago

      I’m concerned that the effect would be less of “having a controlling share in many companies” and more “having your fund be deeply tied to the success of these companies”.

      If the size of the fund becomes a metric of success, whoever is in charge of it is going to be disinclined to force a company to make an unprofitable choice, even if it’s the right thing to do.