Ok, but what is your proposed solution to the current problem? Problem being: aggressive Russia, and isolationist USA (and possibly aggressive in the future).
Start the nationalization process and if someone attacks, we will shout “give me 10 more years, I’m almost done restructuring”?
How is the ownership structure of an already existing company relevant to it’s capability to produce the outputs necessary? If anything they will be more able to produce the needed things if a large part of the money isn’t siphoned off to US American investment fonds.
On what grounds? Are you suggesting a soviet style government takeover of existing business? If you would like to do it in the “civilized way” you would have to buy that business and while it might be profitable in a very long run it would cost you much more right now (and state owned companies tend to get less efficient).
The German constitution allows this kind of nationalization in times of crisis.
My suggestion would be to refund these speculators the (inflation adjusted) pre-war value of the stock. That’s currently less than a tenth of the current stock price, to give you an idea how much they have already profitted.
And it is a bit funny to argue state owned companies are less efficient and the same time fear-monger about the Russian war economy that is now fully state controlled. But yes, in times of peace when companies can freely chose what to produce, non-state owned companies tend to be more efficient.
Ok, but what is your proposed solution to the current problem? Problem being: aggressive Russia, and isolationist USA (and possibly aggressive in the future).
Start the nationalization process and if someone attacks, we will shout “give me 10 more years, I’m almost done restructuring”?
How is the ownership structure of an already existing company relevant to it’s capability to produce the outputs necessary? If anything they will be more able to produce the needed things if a large part of the money isn’t siphoned off to US American investment fonds.
On what grounds? Are you suggesting a soviet style government takeover of existing business? If you would like to do it in the “civilized way” you would have to buy that business and while it might be profitable in a very long run it would cost you much more right now (and state owned companies tend to get less efficient).
The German constitution allows this kind of nationalization in times of crisis.
My suggestion would be to refund these speculators the (inflation adjusted) pre-war value of the stock. That’s currently less than a tenth of the current stock price, to give you an idea how much they have already profitted.
And it is a bit funny to argue state owned companies are less efficient and the same time fear-monger about the Russian war economy that is now fully state controlled. But yes, in times of peace when companies can freely chose what to produce, non-state owned companies tend to be more efficient.
Russia has allocated 25% of its current (2025) budget to military spending.