According to Gillian Tett in FT:
That leads to a third point: anyone valuing US assets today needs to do so through the lens of “patriotic” capitalism. More specifically, investors should ponder some once-unimaginable questions: could the US government soon limit companies’ choice around tech and cloud vendors to curtail cyber security risks? Might it buy stakes in industrial giants and utilities, such as SpaceX?
Might it use a sovereign wealth fund or development bank to gobble up non-US assets — beyond Greenland? Might it dictate how a company such as Google runs seabed cables? Will it slap export controls on sensitive tech sales beyond China, say to Europe? I have heard all these ideas tossed around, however fanciful.
According to fool49:
The current administration is becoming more state capitalist and less free market. It is abandoning the neoliberal ideology that has prevailed for decades, to compete with the Chinese. But politics and economics often go together. In the economy consumers vote with their dollars, now the government is voting. So I am worried, that in the politics, the government will also usurp the citizen voter.
Reference: Financial Times
Posted by fool49