flown-the-coop said:
US still owns 10% of Intel and a large stake in a rare earths company, no?
This stuff is being done to secure strategic supply chains in industries and companies critical our national interests.
They are not taking a flyer on the new Ivanka fashion brand or Don Jr resorts and hotels.
Strategic stakes in companies that make a lot of sense from a national security perspective to have strategic stakes
In.
Yep, COVID was the wake up call here. Even European governments were decrying dependency on global supply chains once that happened. One primary example is that we should be incentivizing the hell out of pharma to come home. We are highly dependent on China for this right now which is horrifically stupid.
If someone wants to cry about the US government doing that because "free markets!", then know you are simply cheering for more globalism where we have zero control over our own fate.
There are a handful of sectors where we need to control our fate - food, water, energy, tech, and pharma likely being the top 5. We are sitting pretty compared to the rest of the planet on this topic, but we are woefully at the mercy of others on a lot of raw materials and pharma stuff.