Séb Krier(@sebkrier):"In contrast, the results are consistent with the political view of government ownership of firms, including banks, according to which such ownership politicizes the resource allocation process and reduces efficiency. Ultimately, and in line with the latter theories, government ownership of banks is associated with slower financial and economic development, including in poor countries."

Séb Krier

@sebkrier

🪼 AGI policy & jester @GoogleDeepMind | purveyor of machine funk, dimensional glider, deep ArXiv dweller, interstellar fugitive, uncertain, own views etc 🛸

Joined December 2013

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Séb Krier@sebkrier

2026.07.02 13:39

"In contrast, the results are consistent with the political view of government ownership of firms, including banks, according to which such ownership politicizes the resource allocation process and reduces efficiency. Ultimately, and in line with the latter theories, government ownership of banks is associated with slower financial and economic development, including in poor countries."