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

favoredponcho@lemmy.zip ⁨1⁩ ⁨week⁩ ago

• dan1101@lemmy.world ⁨1⁩ ⁨week⁩ ago

  Also how is not socialism? Imagine the wailing from Repugnants if the Democrats did this.

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  • Sauerkraut@discuss.tchncs.de ⁨1⁩ ⁨week⁩ ago

    Public ownership of companies for the benefit of the public is a form of socialism, but Trump’s fascist oligarchy serves only the wealthy elites. Oligarchs hijacking democracy for their own benefit isn’t socialism.

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    • Goodlucksil@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ ago

      It is socialism, between them

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    • PHLAK@lemmy.world ⁨6⁩ ⁨days⁩ ago

      Now THAT’S some mental gymnastics!

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  • AdamBomb@lemmy.sdf.org ⁨1⁩ ⁨week⁩ ago

    Socialism is social ownership of the means of production. This ain’t it. This is Turbo Capitalism.

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  • leftytighty@slrpnk.net ⁨6⁩ ⁨days⁩ ago

    Please Google socialism.

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• amju_wolf@pawb.social ⁨1⁩ ⁨week⁩ ago

  It’s a bailout where the taxpayers actually get something back.

  How is it legal to bail out whole banks or other large companies and not get anything in return?

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  • olympicyes@lemmy.world ⁨6⁩ ⁨days⁩ ago

    It wasn’t a bailout. It was a grant being converted to an equity position with questionable legality.

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• ILoveUnions@lemmy.world ⁨1⁩ ⁨week⁩ ago

  Beyond the greater issues of corruption, at face value there’s no reason the government buying up a company with important strategic value you should be illegal

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  • ronigami@lemmy.world ⁨1⁩ ⁨week⁩ ago

    It’s basically the GM bailout but with less steps and specifically avoiding bankruptcy which seems more efficient. Not that the gov’t won’t just turn around and run Intel into the ground.

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