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Subsidy is not the same as state control. The PLA straight up owns companies. In Russia, the government directly operates over 80% of railway capacity. The fact
by Manuel_D 4y ago
Subsidy is not the same as state control. The PLA straight up owns companies. In Russia, the government directly operates over 80% of railway capacity. The fact that the US government is one of the primary customers of, say, Lockheed Martin does not make it a state owned company in the same vein s the above. It's still got public stock, an elected board, and otherwise operates like any other enterprise.