Marketplace For every action, something can go sideways
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Aug 25, 2025 Max Adler, Editorial Director of Golf Digest, shares insights on the evolving caddy economy and how app-based services are transforming the golf experience. Sarah House, Senior Economist at Wells Fargo, discusses the puzzlingly slow response of prices to tariffs and what shoppers can expect this fall. They explore the unintended consequences of government investments in companies and how both the caddy industry and broader retail market are adapting to economic shifts. Tune in for a fascinating blend of sports, economics, and innovation!
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Government Ownership Creates Strategic Risk
- Government equity stakes create new operational risks for companies beyond typical market forces.
- Intel's 10% stake deal may materially change decision-making and invite political considerations.
Political Stakes Influence Business Decisions
- Public ownership can alter corporate choices, like avoiding layoffs to appease the White House.
- Customers may change contracting behaviour to avoid attracting government scrutiny.
History Shows Governments Often Mismanage Firms
- Historical evidence suggests governments are often poor long-term owners of companies.
- Countries across regions show repeated examples where public ownership undermined firm performance.