1d ago

White House confirms talks to acquire 10% stake in Intel — 'We should get an equity stake for our money'

www.tomshardware.com

"We’ll get equity in return for it; get a good return for the American taxpayer, instead of just giving grants away"

17 comments

gestures at butterfly
is this communism?
- No, fascism also entails a merging of government and industry.
  
  The similarity is part of what led to the term red fascism though.
  Ultimately the difference is what purpose it serves and the integrity of the system involved.
  With a federal government stripping all social aid and increasing the power of the security state it's very, very clear what the goal of this is.
  
  you are thinking of Corperatism.
  https://politicalresearch.org/2005/01/12/mussolini-corporate-state
So no more buying Intel CPUs, as if there hadn't been enough reasons already.
As shitty as this admin is - that's actually the right approach. Companies want govt money? Sure. Print some equity.
- The right approach would be to nationalize if you claim it has national security interests. Partial stake only incentivizes worst qualifies of capitalism.
  
  National security interests would drive the selection of certain companies. But all companies that need a bailout should do it in exchange for privileged stock. I'm tired of companies like ATT getting billions of dollars of free money for shit like "fiber infrastructure" and then just pocketting it. If they want that money, and if it is a matter of law, then they get uncle sam on the board telling them to spend it how it was meant to be spent.
- https://www.merriam-webster.com/dictionary/loan
  https://en.m.wikipedia.org/wiki/Controlling_interest
  https://library.fiveable.me/key-terms/intro-to-poli-sci/security-state
  "Fascism is the merging of the state and corporate power" - either Mussolini or Gentile (in effect though the literal quote is disputed)
  Some basics for you since you seem confused about intent and obvious results.
  
  You might wana fact check yourself there as well.
  https://politicalresearch.org/2005/01/12/mussolini-corporate-state
Good.
g
RIP Intel.
- The question is how bad this will be not just for future products, but existing ones.

17 comments