I think you are correct. Sovereign control at the government level seems in direct opposition to sovereignty at the citizen level(where sovereign funds belong).
Discussion
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
You might like the current administration, but giving govt a stake in a private company means it passes to the next administration, which you may not like. Never give your preferred president a power you do not want your opponent to wield in four years.
Explain me why this is wrong like I am 10
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.”
👀
If you’re starting to see the huge red flags this late in the game get your eye sight checked
This late into what game? The US has a much better chance at preserving vital freedoms under this administration vs. what we almost had. But that doesn’t mean every decision they make is a good one or should be supported without questioning.
having an unelected private billionaire deciding who in the federal government gets paid wasn’t a red flag? Lasers are not good for the eyes
Is this "Capitalism with Chinese characteristics"?