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Do you think the USG would have allowed the USSR to buy NBC? These aren’t new issues, there are certain types of corporations where there is a national securit
by gonehome 4y ago
Do you think the USG would have allowed the USSR to buy NBC?
These aren’t new issues, there are certain types of corporations where there is a national security interest in American ownership and capability (see also: Intel). Ownership of airlines is another example, you can’t have a foreign controlling interest in a domestic airline (Richard Branson couldn’t save Virgin America due to this).
There are good reasons for a nation to have rules about foreign control in certain types of companies that carry a national security risk.
- caf 4y agoIn the case of airlines it is just straight up protectionism. There's no national security risk there: if push came to shove in time of war the government could simply seize the assets and operate them as they saw fit.
- creato 4y agoIf that’s your view, then it seems better to be up front about the ownership limitations than pretending otherwise until a war comes along and pulling the rug.
- sudosysgen 4y agoIt is already law in the United States that companies may be compelled to act in certain ways during emergencies. There is no pretending, it's all there in plain writing in the USC. Look up the Defence Production Act.