alt Hacker News>"In 2022, a Pulitzer-winning Wall Street Journal investigation analyzed over 31,000 financial disclosures from 12,000 senior government employees, revealing that nearly a quarter of federal officials traded stock in industries their agencies regulated."
Ya know, on the one hand, I wonder how many federal officials own nVidia stock and stock of other AI companies...
But then again, on the other, I wonder how many nVidia employees (and those of other AI companies!) own government T-bills (and other government backed securities!) in their 401K or other investment accounts!
You know, everybody in large corporations and governments owning shares in other large corporations and governments -- adds a whole new level of meaning to "stakeholder capitalism"... :-)
(In the far future, there'll probably be small foreign governments which become their own ticker symbol -- and get publicly traded on various stock exchanges! :-) You know, like: "Would you like to buy a share in Denmark (DNMK) or perhaps Norway (NRWY)? I hear they're very competitive with Apple (AAPL) right now! Great price to earnings (PE) ratio!" :-) )
Replies
Corporations and governments have swapped places.
You can already buy shares in a nations economy - it is called owning currency. The big difference from stocks is that most countries issue new shares (dollars, etc) to keep the price stable (indirectly via careful control of interest rates).
I am simplifying terribly but just as shares represent a fraction of a company, cash represents a share of a nation’s economy.