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Uncle Sam shouldn't own Intel stock

(www.wsj.com)
335 points aspenmayer | 1 comments | 24 Aug 25 21:40 UTC | HN request time: 0.202s | source
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dijit ◴[25 Aug 25 05:15 UTC] No.45010451[source]▶
What's the old saying?

It's capitalism when you're winning, and socialism if you're losing.

Or: "Privatised profits, socialised losses".

I understand why in this case, Intel is very much in bed with the US Government and likely makes a strong case for being a national security interest, but it feels icky.. especially as AMD is an American company too.

If the issue is the node fabrication then why wasn't their an investment in Fabs before now? Intel got its big start on government grants iirc.

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jimt1234 ◴[25 Aug 25 06:02 UTC] No.45010701[source]▶
> If capitalism is so great, then why does it need to be rescued by socialism every ten years?

Not sure where I read that (I think it was some dude's Tweet), but it seems relevant here.

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1. petralithic ◴[25 Aug 25 12:34 UTC] No.45013163[source]▶
Why does everyone seem to use the word socialism incorrectly? When have the people ever controlled the means of production in the US (or anywhere, for that matter)? Social services and government support is not socialism by the literal definition of the word.