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US Intel

(stratechery.com)
539 points maguay | 1 comments | | HN request time: 0.202s | source
1. dangus ◴[] No.45047200[source]
> Government involvement in private business almost always ends badly.

I don't say this to argue with the author or try to refute anything they are saying, but this bit toward the end is a very interesting position that I think displays the level of anti-regulation, anti-taxation, anti-government propaganda we are bombarded with by corporations.

People just kind of assume that the government can't function or work with private enterprise in any way when it does that all the time.

China is the elephant in the room of a counterexample. Who built the largest high speed rail network in the world and who owns them? Or how about the US military industrial complex? Or how about SpaceX? What about the time when the US government ordered factories to build Jeeps in WW2?

I don't really agree with...well...anything that the current administration is doing, but owning part of Intel isn't really horrendous. The horrendous part is that it came out of nowhere with apparently no congressional appropriation of funds/approval of such an endeavor.