Amid evolving investment proposals and threats to ban TikTok, the social media app, in the U.S., Mack Institute Executive Director Saikat Chaudhuri shared with two international business publications — the Financial Times and Asahi Shimbun — his insights into the intersection of government policy with business affairs, M&A transactions, and the role of the U.S. as a beacon of innovation.
A key takeaway, according to Chaudhuri: “The role of government can be to frame policy but business affairs should be left to businesses.”
He told Asahi Shimbun (paywalled; Japanese): “The reputation of the U.S. and its success as a driver of technology and innovation could be affected … . If you look at all the leading technology companies that have come out and disrupted industries in recent times … [that has] been facilitated by the open nature, the free market nature of the U.S. system.”
Further, Chaudhuri noted, “M&A transaction outcomes should best be left to companies to battle out among themselves.”