President Obama has invested $200m in a solar plant in the Atacama Desert in Chile using one of his venture capital funds, the Overseas Private Investment Corporation (“OPIC”). The “Private” moniker is a fraud as it is wholly owned government entity. OPIC is financing 70% while the remainder is privately owned by three companies, including SunPower of the USA.
Have you ever why the USA is going bankrupt? One reason is that the government is involved in many areas such as venture capital that ought to be the domain of private industry.