The idea that this country benefits by allowing the best of UK plc to be creamed off by overseas buyers, or become their mere subsidiaries, is absurd.
Actually, it’s very nationalistic. Not really sure why, either.
Meanwhile, the sale of chip designer Arm – arguably the most successful technology company Britain has ever produced – in 2016 to Japan’s SoftBank must rank as one of the greatest acts of self-harm ever committed.
But the shareholders of ARM – who are the owners of it – made out like bandits. Why isn’t this a good idea?
Poor laddie has this idea that companies belong to the nation in some way. Rather than, you know, the shareholders?
The post Steady on chaps, bit nationalistic, no? first appeared on Tim Worstall.