Subnostr

International Man: Milei has vowed to privatize state-owned companies.

How would you suggest he does this while ensuring it doesn’t create a new class of oligarchs as it did in Russia in the 1990s?

Doug Casey: For years, I have proposed to many governments that when they privatize, not to do so by selling State assets but by distributing them in the form of shares directly to the people. After all, the people theoretically own all State assets. Make it a reality with share ownership. That plan is pure capitalism but is also about “power to the people.”

How can you give people more power than giving them direct tradeable share ownership?

sms 2y ago

If i recollect properly, the #Russians tried that in the 1990s, in the wake of the #USSR.

Most of the “people” were too destitute and ignorant to hold on to their “vouchers”, and sold them off to a handful of oligarchs well below market valuation price, because not one in a million of them is a Doug Casey…

If “#Milei’s gang sells it, at least they can avoid the above giveaway acquisition.

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