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This is only true to the extent that it effectively accomplishes those goals. For example, taking a stake in Intel isn't categorically unacceptable but it's onl
by acdha 1y ago
This is only true to the extent that it effectively accomplishes those goals. For example, taking a stake in Intel isn't categorically unacceptable but it's only a good use of taxpayer funds if it actually changes something positively for the company.
In this case, the question is going to be whether restarting tungsten production in Kazakhstan is a net defense win for the United States compared to investing in other countries like Canada, Australia, Bolivia, Spain, etc. or restarting mining in the United States. If it takes a while for that production to come online, or if China can disrupt something which is inside their sphere of influence, this deal doesn't help us nearly as much as it helps Cove Capital's investors.