Remember the concern with Dubai Ports World? A company owned by Dubai was going
to run our ports. "You are xenophobic, anti-Muslim, anti-Arab," cried the deal
supporters. Not so, we retorted. There is a fundamental difference between
privately own companies and state owned ones, between market and state
capitalism. Hence, state owned companies should be treated differently because
while profits motivate businesses, geopolitical strategy motivates governments
and, ultimately, the businesses they control.
This is an interesting article about the role and function of market owned corporations and government owned corporations.
No comments:
Post a Comment