What's the word for when the government has controlling interest in businesses?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
...but hey, do what you want...you will anyway.
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