Funny, when Europe does this, it’s called “socialism”.

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.

Uhhh, so much for the free market Republicans spent decades championing

Wow. Throw 16M people off health care, then invest the 'savings' in corporations. HEy, Intel, how do you like your blood money?

government owning the means of production?

🤔

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.

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.

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 😤

AyyyyyyyyMD

If tax payers are going to be investing into these businesses and they're avoiding taxes taking a share of the company is better than nothing.

I mean, it's socialism, but don't tell their voters

Release the Trump/Epstein files

Everyone calling this socialism is a moron

Boycot Intel? Okay, you got it!

Didn't the US do a similar thing to save our auto industry? Buying in? I'm hazy on the details, been a minute, but didn't we cash out and profit?

Not saying this is the end game here, but still?

Wasn't government cross-pollinating with industry a relevant component in 20th century definitions of fascism?

While I don't trust this administration in the slightest this isn't unprecidented:

• In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company's bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.

• As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.

• American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.

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.

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.

us taking a stake in a failing company sums up america