We've nationalized companies in the US before, but usually it's in response to something that's gone fundamentally wrong with the industry. In the case of TSA or airport security, your profit motive is in direct opposition to the social good and that is keeping dangerous people off of planes. And so it probably makes sense for that to be a highly regulated or government controlled entity. I would argue that we need less bailouts and more failure.
This week on Prof G Markets, Scott breaks down why Home Depot’s disappointing earnings are indicative of healthy market trends. He also takes a look at promising earnings from Stellantis, the second largest EV seller in Europe behind Volkswagen and ahead of Tesla. Finally, Scott explains why companies and resources are nationalized, and discusses what it means that Mexico is nationalizing lithium.
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