Re:SoftBank’s Masayoshi Son Speaks to an Almost Empty Room a...
by dragontamer on Thursday October 31, 2019 @07:19PM
(#21414783)
Same fund that bought GM, Freddy Mac, (etc. etc.) and sold it off for a profit.
Now with that being said, I'm against the idea of a US-based sovereign wealth fund. But it wouldn't be unprecedented at all. EDIT: I think I can see a sovereign "strategic initiative", like something to ensure semiconductor dominance, or other forms of technological innovations. But not necessarily for the purpose of making money like a sovereign wealth fund would try to do.
USA should definitely fund research and providing infrastructure, and maybe even subsidize a company or two. But I'm not sure if the USA wants to be the owners of many companies in the market.
Now with that being said, I'm against the idea of a US-based sovereign wealth fund. But it wouldn't be unprecedented at all. EDIT: I think I can see a sovereign "strategic initiative", like something to ensure semiconductor dominance, or other forms of technological innovations. But not necessarily for the purpose of making money like a sovereign wealth fund would try to do.
USA should definitely fund research and providing infrastructure, and maybe even subsidize a company or two. But I'm not sure if the USA wants to be the owners of many companies in the market.