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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: 0s | 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.

replies(2): >>45010701 #>>45013179 #
1. petralithic ◴[25 Aug 25 12:36 UTC] No.45013179[source]▶
If Intel's stock goes up then the government can sell their shares to make money beyond what they'd get from taxes. Socialized losses would be like free money via grants while getting nothing in return, so this form of taking ownership of a company is strictly more capitalist, namely state capitalist like some countries around the world.