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Full-Text Articles in Political Theory
The Government Shareholder: Regulating Public Ownership Of Private Enterprise, Benjamin A. Templin
The Government Shareholder: Regulating Public Ownership Of Private Enterprise, Benjamin A. Templin
Benjamin A. Templin
During the subprime financial crisis of 2007-2009, the U.S. transformed its policies from a focus on privatization and deregulation to one where the government plays an active role as a market participant. By the end of the 2009 fiscal year, the U.S. government became one of the largest shareholders in the world owning a portfolio of investments valued at $959 billion. Some pundits condemned the investments as socialism. The sudden increase in the government portfolio is better understood as a Keynesian response to market failure rather than a change in the political economy. However, the dramatic increase in the government …
The Opacity Of Transparency, Mark Fenster
The Opacity Of Transparency, Mark Fenster
Mark Fenster