A long-running U.S. political controversy centers on how much control government should have over commerce. Health care, utilities, and airlines are just a few of the industries receiving scrutiny over this issue.
The auto industry – along with banking – is racing ahead of them in the recent iteration of the debate brought on by all the government bailouts. One plan for saving troubled General Motors calls for the government owning 70% of the company. The New York Times has already joked that GM may soon mean Government Motors.
If the deal goes through, GM won’t be the first massive company to be run by a government. This week
Pemex is owned by the Mexican government and accounts for about one-third of the administration’s revenue. Pemex traces its origins to oil discoveries made by American and British developers. After president Porfirio Diaz (who allowed foreign ownership of oil resources) was deposed in the Mexican Revolution, the country became the first non-communist state to nationalize oil holdings and later created Pemex.
The Indian government doesn’t just regulate the airline industry — it outright owns the nation’s flagship airline. The Indian government hasn’t done a bad job of managing that company either. A feather in its cap, Air
The BBC, the
The investment bank for the French government, Caisse des Depots et Consignations (CDC), was formed in 1816 under the government of King Louis XVIII. Besides its obvious government-related services such as retirement plans for government employees, CDC also owns a stake in French construction company EIFFAGE and tourism company Club Med. The next time you’re vacationing on the beach you may be seeing French government francs at work.
It’s no surprise to learn that a business enterprise in
Will healthcare in the
As expected, Dutch passenger train company NV Nederlandse Spoorwegen takes care of the travel needs for those going Dutch. The Dutch-government controlled company is thinking outside the dikes and expanding across the channel into the
Though the communist system of the Soviet Union collapsed in the early 1990s and the newly formed
Entirely owned by the Swedish government, Sveaskog Forvaltnings is
Maybe the government in your city won’t let you smoke a cigarette at your favorite bar or buy some beer at 11 am on a Sunday ahead of that afternoon barbecue. One government-owned company, though, actually sells alcoholic beverages and cigarettes. The Taiwan Tobacco & Liquor Corporation (TTL) was once the only company that could make authentic Taiwanese beer.