The graph[1] of net foreign ownership is interesting.
I've read complaints from the US about foreign ownership of stocks - e.g. a graph[2] showing about 39% stocks owned by foreign interests in 2019. But foreign income is significant for tech so maybe it's fair that foreigners own tech. I think it is fairly obvious the US is winning overall on that benefits/costs calc.
For example Apple earns 60% of revenue from overseas, so assuming similar income then perhaps foreign ownership of Apple should be 60% (not ≈39%)?
I'm in New Zealand where a lot of our super (social-security/pension) is invested overseas (which is contentious here in NZ since many think we should "invest" more into NZ - although obviously some diversification is necessary)
Foreign ownership of government debt is more obviously government driven and less obviously harmful or beneficial.
I've read complaints from the US about foreign ownership of stocks - e.g. a graph[2] showing about 39% stocks owned by foreign interests in 2019. But foreign income is significant for tech so maybe it's fair that foreigners own tech. I think it is fairly obvious the US is winning overall on that benefits/costs calc.
For example Apple earns 60% of revenue from overseas, so assuming similar income then perhaps foreign ownership of Apple should be 60% (not ≈39%)?
I'm in New Zealand where a lot of our super (social-security/pension) is invested overseas (which is contentious here in NZ since many think we should "invest" more into NZ - although obviously some diversification is necessary)
Foreign ownership of government debt is more obviously government driven and less obviously harmful or beneficial.
[1] https://substack-post-media.s3.amazonaws.com/public/images/c... I'm a bit ignorant of the meaning of the y-axis values 0.1*US. Net International Investment Position/Gross Domestic Product (0.1*Mil. of $/Bil. of $)
[2] https://taxpolicycenter.org/taxvox/who-owns-us-stock-foreign...