Explain me why this is wrong like I am 10
Exactly. The comments made in this video by the new Secretary of Commerce ought to be a HUGE red flag to everyone. “If we sell 2 billion Covid vaccines we should have equity in those companies.” 😳
https://video.twimg.com/amplify_video/1886493153160536064/vid/avc1/640x360/4YewVtLc5OaEQ9v2.mp4
Discussion
Communism is bad.
Developed nations like Norway or Singapore also have a national wealth fund
If I understand those correctly, they only invest in foreign companies/investments. That is much different from what Lutnick said in that video above.
“Norges Bank Investment Management, which operates the fund, invests some 70% of assets in global stocks, about 25% in bonds and the rest in real estate and renewable energy plants, with most of its portfolio tracking international market indexes.”
