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US Intel

(stratechery.com)
539 points maguay | 2 comments | | HN request time: 0s | source
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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?

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1. dfxm12 ◴[] No.45028413[source]
10% is nowhere near a controlling stake, let alone "nationalization".

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

USPS, TVA, Paris Metro...

I know many are irrationally scared of the S and C words, but this ain't it.

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2. kg ◴[] No.45030498[source]
The USPS is a really good example. Most of its modern problems are exclusively the result of politicians sabotaging it - given the constraints it operates under it's wildly successful. Even some foreigners I know have a positive view of the USPS because of their interactions with it (shipping goods to the US).

It offers good service to everyone in the US - even people living in the middle of nowhere - with fairly good delivery speeds and strong reliability. I can't remember the last time I had a package or mailpiece get lost, and I think I've had a package get damaged exactly once in my entire life.