Economics

Trump's Nationalization by Twitter

Government is the boss when companies act at the behest of a nation's leader.

It only hurts when I think about it.

Photographer: JEFF KOWALSKY/Bloomberg

Here's a question: When is a company considered privately owned? There’s ownership, and there’s control. If a company’s shareholders and executives don’t have control over the day-to-day operations of their organization -- if the government calls them up and tells them what to do -- is it really private?

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