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Uncle Sam shouldn't own Intel stock

(www.wsj.com)
335 points aspenmayer | 2 comments | 24 Aug 25 21:40 UTC | HN request time: 0.522s | source
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like_any_other ◴[24 Aug 25 22:39 UTC] No.45008452[source]▶
Sure. Now make the same argument for TSMC, SMIC, and Samsung, and see if their governments listen.
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AnimalMuppet ◴[24 Aug 25 22:43 UTC] No.45008475[source]▶
Their governments don't operate under the same legal limits that the US government does.
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like_any_other ◴[24 Aug 25 22:46 UTC] No.45008486[source]▶
But they operate in the same global market.
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1. AnimalMuppet ◴[24 Aug 25 22:48 UTC] No.45008500[source]▶
Yes. So there are two considerations. One is competitive balance internationally. That is a consideration.

But you also have to consider whether the government has the legal authority to make the investment. For a country claiming a limited government and the rule of law, that is a serious consideration.

You seem to be focused on the first consideration, but do not overlook the second one.

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2. like_any_other ◴[24 Aug 25 22:54 UTC] No.45008540[source]▶
> For a country claiming a limited government and the rule of law, that is a serious consideration.

I'll be blunt - I don't think anyone takes either of those seriously, not since Wickard v. Filburn in 1942.

GeekyBear gives a less blunt similar argument: https://news.ycombinator.com/item?id=45008439