While I think these companies should definitely be regulated, I’m not sure how feasible or sustainable it is to nationalize them. It might curtail competition from fostering, if people who are responsible for introducing disruptive companies are less incentivized from creating companies.
As much as I’m not a fan and I’m highly critical of Musk, one can’t deny the disruptive impact his companies have had on the industries, and him forcing traditional car manufacturers to innovate. If his companies get nationalized, would that discourage others from creating potentially positively disruptive companies that would force existing industries to innovate?
Are they important to national interests? Then nationalize them. In fact any company that’s important enough to US interests that they need bailouts, subsidies, tax breaks, etc. should have government oversight if not out and out control. They should also get immediate tax audits.
While I think these companies should definitely be regulated, I’m not sure how feasible or sustainable it is to nationalize them. It might curtail competition from fostering, if people who are responsible for introducing disruptive companies are less incentivized from creating companies.
As much as I’m not a fan and I’m highly critical of Musk, one can’t deny the disruptive impact his companies have had on the industries, and him forcing traditional car manufacturers to innovate. If his companies get nationalized, would that discourage others from creating potentially positively disruptive companies that would force existing industries to innovate?
Are they important to national interests? Then nationalize them. In fact any company that’s important enough to US interests that they need bailouts, subsidies, tax breaks, etc. should have government oversight if not out and out control. They should also get immediate tax audits.
ok but counterpoint: it would be really funny