←back to thread

607 points givemeethekeys | 1 comments | | HN request time: 0.265s | source
Show context
jjcm ◴[] No.44990743[source]
In general I would rather the government take a stake in corporations they're bailing out. I think the "too big to fail" bailouts in the past should have come with more of a cost for the business, so on one hand I'm glad this is finally happening.

On the other hand, I wish it were a more formalized process rather than this politicized "our president made a deal to save america!" / "Intel is back and the government is investing BUY INTEL SHARES" media event. These things should follow a strict set of rules and processes so investors and companies know what to expect. These kind of deals should be boring, not a media event.

replies(25): >>44990768 #>>44990991 #>>44991008 #>>44991032 #>>44991056 #>>44991094 #>>44991125 #>>44991135 #>>44991142 #>>44991149 #>>44991156 #>>44991177 #>>44991295 #>>44991514 #>>44991586 #>>44991729 #>>44992050 #>>44992377 #>>44992551 #>>44992788 #>>44993446 #>>44993951 #>>44993969 #>>45000356 #>>45063597 #
renewiltord ◴[] No.44991142[source]
In the end, it turns out that people didn't dislike Chinese policies of nationalized industries. They only disliked that the Chinese were doing it.

I can't wait for the "I don't think social credit scores are a bad idea. Cancel culture is good actually".

replies(3): >>44991417 #>>44993154 #>>44995072 #
creato ◴[] No.44991417[source]
"People" you are referring to want a level playing field. If the Chinese government is tilting the field, there aren't a lot of good options. You can either watch the Chinese subsidize draining most productive capacity from the rest of the world, erect trade barriers (my preference, but it would require cooperation with other countries, which... ain't gonna happen for a while now), or try to tilt back.
replies(2): >>44992654 #>>44992798 #
1. frankzinger ◴[] No.44992798[source]
Yeah sure but then you do it properly. Why did Trump have to coerce them into the deal (by threatening to fire the CEO)? Just imagine what's going on behind closed doors.