16.02.2016 - Free Lunch: How sovereign wealth funds can save capitalism
Feel the force: Many worry that with the collapse in commodity prices, sovereign wealth funds will destabilise markets as they sell off assets. In the short run, SWFs may indeed cause volatility, as the International Monetary Fund warned in October. But in the long run, they should be seen as a force for good — and be used as such much more than they have been. In corporate capitalism, the bulk of economic activity is carried out through a system that involves two dimensions of decentralised decision making. Goods and services are made and sold out by the dispersed, impersonal production units we call corporations...............................................Full Article: Source
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