Sorry, who the fuck is this guy and why is he starting by comparing this with the US bailing out GM when it was going through an existential crisis? There is a very reasonable argument that had GM failed, there would be a crisis re: employment (including in its massive supply chain). The same cannot be said about Intel right now.
The strict definition of socialism is worker ownership (and control) of the means of production. I don’t see any such worker ownership or control.
The government taking ownership shares of private enterprises is a limited form of state capitalism. It’s not new and is pretty widespread in the developed world. That doesn’t make this particular case a good idea, and the potential is high for corruption and conflict of interest in any such arrangements.
I would agree that it’s not socialism, but it is market manipulation. The US didn’t just bail out GM. Right now, AMD’s like, “WTF y’all!?”
accusing Donald Trump of “socialism”
Ah, a cause that Republican and Democratic politicians alike can get behind
Intel needs to be split apart. The fab and design companies should be two companies in 2025.
Intel’s biggest design competitors won’t touch a fab that can copy their chip designs. That’s why TSMC gets all the important contracts and gathers way more money and experience to invest into manufacturing.
Intel -will- die unless it gets broken up or unless they have some sort of hail marry that they can throw.
This guy is dumb. Comparing oranges to apples.
deleted by creator
This is more an example of croney capitalism, than socialism.
deleted by creator
