The President's Golden Share in U.S. Steel

This Planet Money episode investigates the implications of the sale of U.S. Steel to Nippon Steel, focusing on the U.S. government's involvement through CFIUS and a "golden share" agreement. It explores how the government's intervention, driven by national and economic security concerns, affects foreign investment and the free market. The episode examines the historical context of golden shares, comparing the current situation to past government interventions in industries like Amtrak and General Motors, and discusses the potential consequences of increased government control on foreign investors and market dynamics.