←back to thread

US Intel

(stratechery.com)
539 points maguay | 1 comments | | HN request time: 0.21s | source
Show context
bawana ◴[] No.45027248[source]
How is this ‘equity stake’ different than nationalization? (The thing that soviet socialism did to russian property and business a hundred years ago). After all the government prints the money. So instead of just taking control of a company the govt prints the money to buy it. Isnt it the same thing?

And where is the example of a successful govt run business?

Why dont we encourage businesses here w free trade zones?

replies(5): >>45027380 #>>45027466 #>>45028142 #>>45028413 #>>45029657 #
1. nonethewiser ◴[] No.45027380[source]
All of these questions seem more like claims. And I largely agree in spirit. Im not a fan of the government buying stock with the money that would have been given as grants. However,

>How is this ‘equity stake’ different than nationalization?

Ownership scope and control. A nationalized company is owned and run by the government. This equity stake is the US buying stock in Intel instead of issuing the money as grants. I would agree this creates conflicts of interests for both parties. And that it shouldnt happen. But this is wildly different than nationalization.