I agree that this could be done as it has happened before, but I don’t think anyone would go quietly. It’s expropriation without pay or eminent domain if it’s with pay, but I would expect a Supreme Court challenge if Congress came anywhere near this, either way.

https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...

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hakfoo 3 days ago | parent [-]

A nifty play would just be "the corporate veil is no longer free. Issue the state stock for a 49% stake, or your investors have unlimited liability." Then there's a theoretical "trade" but virtually nobody's going to say no.

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aspenmayer 3 days ago | parent [-]

In such a scenario, the US gov is only ~2% away from a 51% attack hostile takeover against any/every public company, depending on the kind of shares.

This is not likely.

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hakfoo a day ago | parent [-]

That's the goal. Right now, public companies are far too governed by people who want the business to succeed at all costs.

The state could represent interests like "keeping high-paid jobs on-shore" or "avoid legal/labour/environmental standard arbitrage" that regular investors won't vote for.

	▲	bdangubic a day ago \| parent [-]
		works for venezuela and all other commie countries so you know, why don’t we try to become that too :)