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> I would love more foreign ownership of Italian businesses, that would not only bring capital Capital investments are like credit card spending, feels good fo
by robocat 1y ago
> I would love more foreign ownership of Italian businesses, that would not only bring capital
Capital investments are like credit card spending, feels good for a while, but ultimately outwards-capital value should always exceed inwards-capital value (that's why somebody makes an investment).
Sometimes everybody is better off (the ideal founder story with VC investment) but all too often the investment money is stolen or misused (but the debt remains for the country to repay).
The 1MDB investments didn't help Malaysia:
US investment bank Goldman Sachs helps 1MDB sell bonds worth $3.5bn... Goldman Sachs helps 1MDB raise a further $3bn in an additional bond sale, this time to cover “new strategic economic initiatives” between Malaysia and Abu Dhabi
https://www.aljazeera.com/news/2020/7/28/timeline-how-malaysias-1mdb-financial-scandal-unfolded https://www.aljazeera.com/news/2020/7/28/timeline-how-malays...