via The American Conservative I by Jonathan Culbreath I April 23, 2020

How To Manage Public Stakes In Bailed-Out Companies

“On such a model, it makes intuitive sense for the government to take equity from the companies in which it is itself an investor. A government loan, for example, is essentially a government investment; and in general, it is well established by economists (such as Lazonick and Mazzucato) that the government regularly funds not only infrastructure and R&D, but even technological innovation. Therefore it makes sense that the government should receive some of the returns on its investment.”

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