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Podcast
State-owned enterprises have long been viewed by economists as a bad idea due to proven inefficiencies and mismanagement. But is handing over key resources and industries to the private sector really the answer? Economic historian Nicholas Mulder says, with all the geopolitical risks in the world of late, governments are looking for ways to keep essential resources under their control.<br />
NICHOLAS MULDER
June 2026
Historical patterns reveal why state ownership is expanding again and how this time is different
Online Exclusive
Adam Smith’s philosophy still sheds light on how economies grow, trade, and respond to change
MICHAEL SPENCE
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