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On Free Markets & Nationalizations -- Trump Style


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U.S. Attorney General William Barr said on Thursday the United States and its allies should consider the highly unusual step of taking a “controlling stake” in Finland’s Nokia (NOKIA.HE) and Sweden’s Ericsson (ERICb.ST) to counter China-based Huawei’s dominance in next-generation 5G wireless technology.

 

Also, to counter the never-ending supply of organic fertilizer that comes out of William Barr's mouth, he should take a controlling interest in ethics and dignity.

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The Fed destroyed free market pricing for venture capital and got us here.

 

WeWork swallowed $10 billion in capital by calling itself a tech company and their founder walked away with $1.7 billion. A fraction of that would have sufficed to build out several 5G companies in the US. Engineers who could have built those products have just dissipated into other areas because there hasn't been capital allocated to 5G by VCs.

 

When capital is made completely free and no return on capital needs to be proven for a very long time, the biggest crooks and fraudsters get hold of the money.

 

Another area where the US will find itself envious of China in the future (just like 5G) is biotech as the Dems keep hounding the industry and scare away investors from biotech.

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