The Economist (August 5)
2010/ 08/ 06 by jd in Global News
“Nine of the world’s 30 largest listed firms are emerging-market companies that count the state as their dominant shareholder.” Impressed by their success, governments from Japan to the U.S. and all across Europe are taking more active roles in their own nation’s companies. The Economist laments this trend, noting “governments seem to have forgotten that picking industrial winners nearly always fails.”
