Opinion

Turn the Covid-19 bailout into a sovereign wealth fund

Rather than just throwing money at companies that may never get paid back, the government could equitise that debt, says Merryn Somerset Webb. It would be left with a diverse fund of holdings representative of its economy, in which all citizens have a stake.

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by: Merryn Somerset Webb

5 May 2020

The US government could end with 1% of Delta Airlines' stock © Getty

Delta Airlines check-in desk © Bing Guan/Bloomberg via Getty Images

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Turn the Covid-19 bailout into a sovereign wealth fund

Rather than just throwing money at companies that may never get paid back, the government could equitise that debt, says Merryn Somerset Webb. It would be left with a diverse fund of holdings representative of its economy, in which all citizens have a stake.

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Turn the Covid-19 bailout into a sovereign wealth fund

Rather than just throwing money at companies that may never get paid back, the government could equitise that debt, says Merryn Somerset Webb. It would be left with a diverse fund of holdings representative of its economy, in which all citizens have a stake.

Free, fast, fair

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