I agree with most of the text, though with the same epistemic status. Nevertheless, I fear sovereign funds and government investment might affect free trade and create an incentive for big companies to corrupt political power, competing for its support, and for corrupt politicians to use this power for their own benefit. This may seem easy to avoid through good institutional design, but since we cannot even avoid regulatory capture, nor tax avoidance...
I agree with most of the text, though with the same epistemic status. Nevertheless, I fear sovereign funds and government investment might affect free trade and create an incentive for big companies to corrupt political power, competing for its support, and for corrupt politicians to use this power for their own benefit. This may seem easy to avoid through good institutional design, but since we cannot even avoid regulatory capture, nor tax avoidance...