Whether this is a good idea or not is another matter, but this is fascism by any objective definition.
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.
“ 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.