U.S. government takes 10% stake in Intel, as Trump expands control over private sector
U.S. government takes 10% stake in Intel, as Trump expands control over private sector
Funny, when Europe does this, it’s called “socialism”.
Yes, but it's not socialism we're seeing. It's fascism. Fascism also has state control of private industry. For a different purpose.
And when China and Arab states do it, it's something to aspire.
Yes and no. In this context, it’s more of a shakedown-sorta thing.
Seems like the government owning private industry might stray into the socialism thing thy hate. Why not do this with something more important like healthcare? Republicans are hypocrites.
It’s only socialism when democrats do it.
We’ve always had communism for the rich and cutthroat capitalism for the working class
Healthcare could help, that's good socialism. Intel is profits and power and control for the sake of it. That's bad socialism.
That way when things fuck up they can point and go SEE SEE IT DOESNT WORK! WE TRIED IT AND IT MADE THINGS WORSE!!
and if it somehow does manage to help or improve things they can now claim they did something smart and take all the credit.
Well, no. In this case it's probably Intel is collapsing I assume, and they're the only CPU producer native to the US. It'd be a really bad thing strategically to let them fail, so they should be nationalized.
Yeah, but then poor people would use it.
Our healthcare system in the US is Socialism, only the government funds the corporations with subsidies, not paying outright for the citizens. It's a man in the middle system where they stick a middle finger up your ass to get money from you three times. With taxes, with insurance, and with actual medical care.
If you ask, they’ll tell you it’s different for ‘essential services’. It’s the same excuse they use for the farm handouts.
Or the rental market...
Because healthcare would help you
Wow. Throw 16M people off health care, then invest the 'savings' in corporations. HEy, Intel, how do you like your blood money?
Historical evidence would seem to suggest that Intel very much do like their blood money I would imagine they would like some more please.
Everyone calling this socialism is a moron
Care to elaborate?
Socialism is workers owning the means of production. Not the government. The government can be fucking anything and it (or the people controlling it) profiting from owning a company isn't socialism by itself.
It's fine and all to talk about a worker's government but is that what you would call a Trump presidency? The American government at any point in its history? Will literally ONE FUCKING DOLLAR of Intel profit go to a worker from this?
They're cutting social services and expanding the power of the surveillance state. Just think for one goddamn second about function instead of form, I'm begging you people.
Could call it national socialism.
Uhhh, so much for the free market Republicans spent decades championing
They’ll run it into the ground regardless.
The market would be freer if it wasn’t dominated by a couple capitalist megacorpos. So nationalisation doesn’t mean less freedom, although neolib propaganda would love you to think so.
beat me to it
Yes but contrary to China, USA doesn't use government subsidies to promote their own industries, or state owned companies to spy on the rest of the world. 🤪
/S
I hope Intel survives because a Chinese (mainland+Taiwan) monopoly will not be good, but I am so sick of American disinformation regarding China. Always blaming China for things USA has been guilty of for decades before China.
Are you sure about that? US hardware is spying on the rest of the world for decades. Cisco is in no way better then huawei.
Well, now that they're doing it like China is, the rest of the world should use tariffs to mitigate this, like we do with Chinese EVs for an example (since those are so heavily subsidized to root out competition not just in China, but worldwide)
Boycot Intel? Okay, you got it!
Already buying AMD. Nothing personal, AMD CPUs are just better, faster, more efficient and easier to upgrade.
Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.
This is why I don't like trump being called a nazi, a nazi was a nickname for the german fascist based on the name of the political party NSDAP, specifically the N part, National with the ti part being pronounced the same as the zi part in nazi.
Trump is an american fascist. When you call him a nazi it paints the picture of the ultra villified almost over the top hollywood nazi and it muddies the water and lets other fascist media pundits dismiss it over exaggeration.
Now after being pedantic I prefer these lists tlto check if you live in a fascist state
https://osbcontent.s3-eu-west-1.amazonaws.com/PC-00466.pdf
Spoiler alert: the US is under control of a fascist government.
And so the current Intel chipset I have will be the last I ever own.
I feel like that should’ve already been a given when the 13th and 14th gen Core processors permanently kneecap themselves if they feel like it. But that’s just me.
Me too.
So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?
small penis government 😤
isnt intel kinda dying with the latest fiasco with thier chips.
AyyyyyyyyMD
Better for intel than not receiving $8B at all. It can avoid spending it on Ohio plant without upsetting politicians if no one wants to use Ohio made chips. But its not as though telecom companies ever faced real consequences for pocketing "rural broadband subsidies".
The best part about this, is political campaigns surrounded on confiscatory nationalization of climate terrorists and zionazi first political party influence is normalized.
OpenAI next. You don't want AI but you will pay for it in taxes.
Wasn't government cross-pollinating with industry a relevant component in 20th century definitions of fascism?
I personally don't think any of these big companies should be privately owned. Rare win for the pedo admin. Maybe we can get 10% of the epstein files next.
us taking a stake in a failing company sums up america
Remember we bailed out Harley Davidson. Twice.
My government, picking winners and losers?
Next healthcare?
Imagine bribing politicians to get tax breaks as those same politicians start to take more of a cut than the other side would have taxed you. I'm starting to think everyone that is rich and powerful are also incredibly stupid.
Cool, now do Duke Energy. And Exelon. And Entergy. Etc. (Not that I trust this admin ofc, but if you want collective ownership...)
government owning the means of production?
🤔
Not socialism.
There's a different word for that, unless you think the American government represents the working class.