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Posted on 08/26/2025 6:23:11 AM PDT by DIRTYSECRET
Conservatives are up in arms about Trump's decision to have the government buy a stake in Intel. Classic, textbook socialism.
Trump sees the Intel deal as a first step toward creating an American "sovereign wealth fund," with many more investments to follow.
This is about keeping America competitive with Communist China, which controls the world's second and third largest sovereign wealth funds.
Traditionally, countries rich in national resources, particularly oil, have used sovereign wealth funds to diversify and grow their economies.
(Excerpt) Read more at realclearpolitics.com ...
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What if the government had invested in Apple or Microsoft in the 80's? We'd all be trust fund babies.
Hayek.
Whether this is a good idea or not is another matter, but this is fascism by any objective definition.
I heard this on FBN yesterday: While you might be ok with a government led by President Trump taking a stake in a major company, remember that it sets a precedent that will be used one day by someone you don’t trust, such as AOC, or Newsom.
Trump is a liberal on many economic issues and many plans would be destroyed on here if Obama introduced these
Bingo. It shows no faith in markets. Intel was sinking on its own choices while NVIDIA went bonkers. Which is the future? That's the real question.
Computers are about to change radically after 40 years' work developing AI. The real challenge here is whether we can tolerate the error rate seemingly inherent to large language models in a tool from which we expect absolute reliability. It really is a question of what a computer is to us.
That is a very questionable assertion not based on any classic definition of fascism. Owning nonvoting shares of companies either to generate government wealth, to support companies essential for defense or for National security are not part of the definition of fascism.
Fascism can be described by several synonyms that highlight its core characteristics. These include authoritarianism, dictatorship, totalitarianism, despotism, autocracy, and tyranny. These terms emphasize the concentration of power in a single leader or a small group, often with suppression of dissent and individual freedoms.
Agreed. And wouldn’t this cause favoritism toward any purchased investment? This is not a good idea.
With stock, we immediately get something back. With grants, loans, land, and tax abatements, government may never see a thing for monies and time given. Consider Solyndra, for example.
The question is whether we can save our Country by thinking outside the box or whether we fly into a panic instead of thinking. This has nothing to do with faith in the market place. It has to do with pragmatism. The money was already spent by Biden’s CHIPS act. These are nonvoting shares. This is not picking winners or losers since other companies are free to make offers similaar to Intels offer.
I’m talking about the classic economic definition of fascism. Government ownership of “private” companies is a textbook example of this.
Nonsense. The choice to spend the money presumes there will be a return on investment the prospects of which the market didn't see or it would have bid up Intel's stock such that they could have made that investment.
This is not picking winners or losers since other companies are free to make offers similaar to Intels offer.
And didn't. Hence, yes it is bucking up a loser.
Trump is a businessman and this is practical pragmatic business thinking, a far reach from liberalism.
President Trump is trying to put America on a sound economic footing:with tariffs, with a sovereign wealth fund, decreasing regulation, building energy grid with cheap dependable energy, cutting government, patrolling fraud and waste, holding Government grant recipients accountable. This is part of the same effort a way to add revenue and cement company’s ties and commitment to the USA.
The paradigm that has been employed until now is a complete failure, hugging it would be a big mistake. President Trump wants to eliminate federal income tax. This is one tool that will bring in the revenue to allow that to happen.
Norway invested its pensions and state oil wealth into global stocks. Now worth $2.2 TRILLION, the largest in the world.
Do you own a company by owning a portion of it’s stock? Neither does our Government. This issue is not ownership of shares; it’s control. Your analogy is distorted.
1. U.S. government buys a stake in Company X.
2. The biggest competitor for Company X is Company Y.
3. Company Y sells a product for $100. Company X sells a nearly identical product for $1,000.
4. The U.S. government buys its products from Company X at ten times the cost of its closest competitor ... because of "pragmatism," or something like that.
“ Whether this is a good idea or not is another matter, but this is fascism by any objective definition.”
Absolutely. Nothing good will ultimately come from this. It’s a very bad course of action.
"SANTA CLARA, Calif.-- Intel Corporation today announced an agreement with the Trump Administration to support the continued expansion of American technology and manufacturing leadership. Under terms of the agreement, the United States government will make an $8.9 billion investment in Intel common stock, reflecting the confidence the Administration has in Intel to advance key national priorities and the critically important role the company plays in expanding the domestic semiconductor industry."
"The government’s equity stake will be funded by the remaining $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program. Intel will continue to deliver on its Secure Enclave obligations and reaffirmed its commitment to delivering trusted and secure semiconductors to the U.S. Department of Defense. The $8.9 billion investment is in addition to the $2.2 billion in CHIPS grants Intel has received to date, making for a total investment of $11.1 billion.
“As the only semiconductor company that does leading-edge logic R&D and manufacturing in the U.S., Intel is deeply committed to ensuring the world’s most advanced technologies are American made,” said Lip-Bu Tan, CEO of Intel. “President Trump’s focus on U.S. chip manufacturing is driving historic investments in a vital industry that is integral to the country’s economic and national security. We are grateful for the confidence the President and the Administration have placed in Intel, and we look forward to working to advance U.S. technology and manufacturing leadership.”
That would be corruption and would be prosecuted against the persons awarding such a contract. USA is in the process of policing this kind of activity now since it is rampant, often based on a small payoff to the executive/procurement officer awarding the contract.
One one more thought, have you ever known the government to stick its fingers in some thin and NOT screw it up beyond recognition?
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