Comment on Intel details everything that could go wrong with US taking a 10% stake

Bronzebeard@lemmy.zip ⁨1⁩ ⁨day⁩ ago

• FauxPseudo@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Think long term. What kind of regulatory capture is going to happen? Protected companies stagnate instead of innovate. That 10%? That’s not a cash deal. It’s not revenue for the share holders. It’s basically the value of all the CHIPS deal and other things that Intel was already getting. They literally gave 10% of the company away for free.

  And it’s illegal. And it’s communism. It’s everything Republicans hated when the Obama administration gave Solyndra a loan. This is pure corruption and will end badly for everyone.

  The stock is up. But that’s not because this is good. It’s up because investors didn’t think this through. Short term profit vs long term fail.

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  • Bane_Killgrind@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

    And it’s communism.

    COOOOOOOOMMMUUUUUUNIIIIIIISSSSSMMMMMMMM!!!

    This ain’t gonna be that buddy, this is capitalist maneuvers the whole way. Either funds will be shoveled into private pockets or the value of this will be juiced to support the extrajudicial shit that’s going on.

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    • FauxPseudo@lemmy.world ⁨23⁩ ⁨hours⁩ ago

      Prior to a week ago every conservative was 100% against any form of government corporate ownership. They hated TARP, Solyndra and quantitative easing. They went so far as to want to privatize social security and the post office. Countless hours have been spent justifying all of this and it was baked into their identity that it was all bad in any flavor.

      Then, suddenly, Trump is for it and they fall into line without a moment of cognitive dilemma. Cult mentality. They cared about communism before and suddenly they don’t and they haven’t given us a reason. They haven’t admitted their charge.

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      • Bane_Killgrind@lemmy.dbzer0.com ⁨23⁩ ⁨hours⁩ ago

        I don’t disagree with anything else you said, they are a cult it’s just not communist at all. Fascist yes

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  • interdimensionalmeme@lemmy.ml ⁨15⁩ ⁨hours⁩ ago

    Intel is stagnating since the x86 instruction set because the PC platform default. They have been a drag, along with microsoft on all things computers since the 1980s

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    • FauxPseudo@lemmy.world ⁨15⁩ ⁨hours⁩ ago

      Now imagine how government will effect that. You know how the government’s been trying to put back doors into hardware? A lot easier to do when you own part of a major chip manufacturer. Do you think having a steady supply of government orders will make them innovate or get lazier? Why is the government proving up a dragging company? Isn’t that picking losers and winners like Republicans had issues with in the Solyndra deal?

      Intel failing isn’t a reason for the government to get involved, it’s a reason to stay away.

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  • Bronzebeard@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

    I agree with everything you said. But none of it is a rebuttal to what I said

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