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U.S. government takes 10% stake in Intel

(www.cnbc.com)
607 points givemeethekeys | 2 comments | 22 Aug 25 21:01 UTC | HN request time: 0.446s | source
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softwaredoug ◴[22 Aug 25 21:45 UTC] No.44990223[source]▶
I’m pretty sure that’s socialism
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impossiblefork ◴[22 Aug 25 22:18 UTC] No.44990555[source]▶
Socialism would be worker ownership.

This is simply state ownership of what's seen as a strategic business. It's an abandonment of market dogmatism, but not a step towards any of the many ideologies or positions where markets have a smaller role.

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1. lawlessone ◴[22 Aug 25 22:22 UTC] No.44990592[source]▶
I think the phrase i heard before is State Capitalism. But i could be wrong
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2. impossiblefork ◴[22 Aug 25 22:23 UTC] No.44990614[source]▶
Yes. State capitalism is definitely the word.

Usually I suppose, when I think state capitalism I would think something like the Soviet Union, where this happens across many businesses with the state owning everything, but I suppose it is state capitalism, or a state capitalist element in a market system. One might even call it a mixed economy, or a sort of hacked-apart Swedish model without labour unions and state ownership of only certain strategic industries, rather than let's say, state ownership of hospitals.