Trump signs order establishing a sovereign wealth fund that he says could buy TikTok

Comments

• drdiddlybadger@pawb.social ⁨1⁩ ⁨day⁩ ago

  How the fuck is this a valid executive order when it’s clearly purse string shit. This is something congress would have to do.

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  • bizzle@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Congress would have to first stop him. He does so many blatantly illegal things though and nobody ever actually cares, though, so that’s unlikely.

    Two inches from the best timeline. We got fucked.

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    • TheFriar@lemm.ee ⁨1⁩ ⁨day⁩ ago

      Two inches from the best timeline. We got fucked.

      What two inches? What was the best timeline that we missed out on so narrowly? 2000? Because Reagan won by a lot, if I’m remembering correctly.

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  • futatorius@lemm.ee ⁨1⁩ ⁨day⁩ ago

    He’s off the leash. Neither Congress nor the Supreme Court will stop him.

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    • Rivalarrival@lemmy.today ⁨1⁩ ⁨day⁩ ago

      abcnews.go.com/Politics/…/story?id=41239648

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  • surewhynotlem@lemmy.world ⁨1⁩ ⁨day⁩ ago

    The funny thing is, if just won’t work. Ok, he says to do it. Some lackey goes off to do it. But someone has to sign the check. The money has to come from somewhere. That’s when the shit hits the fan.

    Unless Congress does whatever he says like little lap dogs. Ok, yeah, I convinced myself now that it’ll happen.

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    • obviouspornalt@lemmynsfw.com ⁨1⁩ ⁨day⁩ ago

      The money has to come from somewhere.

      That’s why elons team took over the treasury payments system.

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  • ShellMonkey@lemmy.socdojo.com ⁨1⁩ ⁨day⁩ ago

    It’s in the old feudal sense, your sovereign demands tribute…

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• masterofn001@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  His supporters now love socialism.

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  • Objection@lemmy.ml ⁨1⁩ ⁨day⁩ ago

    Seems more like the standard fascist approach to me. It’s probably not going to stay government owned.

    1. Demonize a minority group

    2. Government takes control of businesses owned by members of that minority

    3. Government gives control of the business to (typically larger) businesses owned by the dominant group, allowing them to artificially produce growth (what Zucc is likely aiming for)

    4. Narrow the scope of who is accepted in the dominant group, move on to the next minority, and repeat.

    This is why communists often describe fascism as “capitalism in decay.” Because of the tendency of the rate of profit to fall, it becomes harder and harder for companies to find new ways of producing growth, and have to find methods that are involved with actually increasing productivity, which is where you get enshittification. The fascist economic solution is obviously unsustainable, it’s like eating your own arm, but corporations that are desperately focused on short term growth (the vast majority of them) will happily sign on.

    Socialism, otoh, is not about finding more stuff to feed into corporations, but, upon reaching that point, transforming the economy to remove the need for endless growth through nationalization. But socialism is not synonymous with nationalization, especially when the nationalization is selectively targeted and (most likely) temporary.

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    • Sturgist@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

      This is the kid of discourse that should be coming from .ml folk more often. More minds changed by proper discussion than soapbox evangelism.

      Well thought out, not intentionally antagonistic, no holier than thou finger wagging. Just facts laid out.

      I applaud you.

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    • masterofn001@lemmy.ca ⁨18⁩ ⁨hours⁩ ago

      I realize now I was using the incorrect application of the term socialized. As a Canadian our healthcare and other services are labelled as such - incorrectly.

      Went down a rabbit hole of the various terms after someone else said state capitalism. From nationized to state corporation to the Marxist issue with state owned corps to Einsteins opinions.

      By all accounts, it definitely isn’t socialist.

      Thanks for the reply

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  • futatorius@lemm.ee ⁨1⁩ ⁨day⁩ ago

    That’s not socialism. It’s state capitalism. Socialism would mean the workers owned (and controlled, not just nominally owned) the means of production.

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    • masterofn001@lemmy.ca ⁨18⁩ ⁨hours⁩ ago

      I was wrong. The term is widely used - incorrectly in Canada for a lot of things.

      You sent me down a rabbit hole of information regarding various types of state owned corps.

      TIL a lot.

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  • Erasmus@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Yes think of it more akin to what the Germans did to companies that failed or that they didn’t like during WW2.

    Very similar premise.

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• themurphy@lemmy.ml ⁨1⁩ ⁨day⁩ ago

  So TikTok will become state media. That can’t go wrong.

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  • cupcakezealot@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

    Always has been

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• thann@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

  Socialism is good when the govt buys my shitcoin

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• Statick@lemmy.world ⁨1⁩ ⁨day⁩ ago

  He’s going to fund it with the tariffs

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• cupcakezealot@lemmy.blahaj.zone ⁨1⁩ ⁨day⁩ ago

  Ironically I’ll go out of my way to buy our support businesses who aren’t American more than I will those that are American

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• acosmichippo@lemmy.world ⁨1⁩ ⁨day⁩ ago

  uh socialism much, republicans?

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  • naeap@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

    There was no socialism in the party… Wether historically, nor now

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    • nightwatch_admin@feddit.nl ⁨1⁩ ⁨day⁩ ago

      Of course there wasn’t. Calling it like that was a marketing ploy to pull in leftist workers (see eg en.m.wikipedia.org/wiki/Nazi_Party). Fun part is that this trick still works, given how often it is used as evidence that “left-leaning people are the real nazis”.

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    • acosmichippo@lemmy.world ⁨1⁩ ⁨day⁩ ago

      except the government owning businesses part.

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• wewbull@feddit.uk ⁨1⁩ ⁨day⁩ ago

  I thought TrumpCoin was the sovereign’s wealth fund.

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  • nightwatch_admin@feddit.nl ⁨1⁩ ⁨day⁩ ago

    Can’t put all eggs in one basket eh?

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