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US Intel

(stratechery.com)
539 points maguay | 3 comments | | HN request time: 0.675s | source
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monknomo ◴[] No.45028039[source]
the president unilaterally extorting 10% ownership out of a company isn't going to build the kind of system that competes with anyone. Big business can't really thrive under this kind of thing any more than corner stores can thrive under a protection racket.
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1. mrcwinn ◴[] No.45032132[source]
Why take issue with Trump alone then? Go ask Bernie Sanders. This is a peak at what socialism looks like in America. The country taking a stake is the people taking a stake. Strange bedfellows, perhaps, but anyone far anti-Trump should actually take this as a model of sorts.
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2. tkel ◴[] No.45032616[source]
I read all of Bernie's platform in 2016 when it was most thoroughly developed, and he didn't call for state ownership of companies like Intel. The closest he got to what you are thinking was calling for public ownership of utilities, which is standard in most capitalist countries, namely buying out/converting private electricity utility monopolies into either public or cooperative ownership.

Also, socialism means whatever the ruling class says it means. For example in China they've redefined socialism to just mean nationalism, which is the opposite of the original intent. Read about "Xi Jingping Thought" and "Socialism with Chinese Characteristics". It seems when ideas like socialism become popular, they are co-opted and stripped of meaning.

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3. BeetleB ◴[] No.45033062[source]
> and he didn't call for state ownership of companies like Intel.

But during the CHIPS act debate, he was against the Act unless the US gets a piece of the company.

In general, this is in line with his views.