Saturday, February 8, 2020

An interesting proposal

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 and Sweden’s Ericsson to counter China-based Huawei’s dominance in next-generation 5G wireless technology.

Barr said the alignment could take place “through American ownership of a controlling stake, either directly or through a consortium of private American and allied companies.” In a remarkable statement underscoring how far the United States may be willing to go to counter Huawei Technologies Co, Barr disclosed in a speech at a conference on Chinese economic espionage that there had been proposals to meet the concerns “by the United States aligning itself with Nokia and/or Ericsson.”

Barr said the alignment could take place “through American ownership of a controlling stake, either directly or through a consortium of private American and allied companies.”

  Reuters
What's the word for when the government has controlling interest in businesses?

...but hey, do what you want...you will anyway.

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