The Guardian view on venture capitalism: investor profits are no industrial strategy | Editorial

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The Guardian view on venture capitalism: investor profits are no industrial strategy | Editorial

Higher returns for backers do not guarantee national prosperity. Public investment should develop domestic capabilities and meet urgent social needs Britain keeps selling its most valuable companies. The Financial Times calculates that 300 went to foreign buyers, mostly American, over the past decade. What if innovation were scaled up to serve social needs here rather than US investors’ profits? That is the provocati…