Logrolling is a procedure performed fora. persons who have had ... | Filo

Sovereign wealth funds for the purposes of industrial policy is what we are seeing here. And what it will do is offer a potent incentive for politicians to use a massive capital fund to meet political needs. Industrial policy, I know there is a literature on its possibilities, is generally practiced with serious consequences for institutional quality and later growth because it incentivizes (by its very design) rent-seeking, political logrolling and regulatory capture.