“American ownership of a controlling stake, either directly or through a consortium of private American and allied companies,” [Barr] said.
“Putting our large market and financial muscle behind one or both of these firms would make it a far more formidable competitor and eliminate concerns over its staying power.”
“We and our closest allies certainly need to be actively considering this approach.”
You, the loyal TCT reader, may have noticed something here: There is no mention, either in Barr’s statement or in the press coverage, of such ownership ruining the resulting endeavors.
How is it, you might wonder, that the public could possibly own and operate a competitive organization endeavoring to supply useful goods and services?
The answer, of course, is that it is possible for the public to own and operate a competitive organization endeavoring to provide useful goods and services.
The problem is that such possibilities are almost always unmentionable, due to the nature of existing power and privilege.
Every once in a while, though, an inept elitist will tip the overclass hand.