Two Perils for Investors: Big Governments and Bad Governments
The latter is worse, but neither are helpful.
The business press constantly derides governments that spend heavily. The mindset requires little justification. Companies in the former state-controlled nations of the Soviet Union and East Germany, which featured nationalized industries, were abominably run. So are those that currently reside in Cuba and North Korea. Should a fool decide to invest in one of those countries’ businesses, he would soon be parted with his money.