While I don’t trust this administration in the slightest this isn’t unprecidented:
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In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company’s bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.
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As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.
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American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.
Yeah, it’s one of the smarter things the US government has done, especially considering the impact a bankruptcy would have on the economy.
The loss of intel, its facilities and staff, would be a pretty hard blow.
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Wow. Throw 16M people off health care, then invest the ‘savings’ in corporations. HEy, Intel, how do you like your blood money?
Historical evidence would seem to suggest that Intel very much do like their blood money I would imagine they would like some more please.
Heck, as long as they keep being good competition for AMD so they don’t become complacent, they can get the souls of the damned as payment for all I care.
I don’t think the souls of the damned are up for grabs, since, you know, they’re damned and all.
They are worth more
government owning the means of production?
🤔
isnt intel kinda dying with the latest fiasco with thier chips.
Funny thing is, their GPU division is making fine products especially in the bang-for-buck consumer category and their Wi-Fi modules are good. Weirdly enough, because driver and API support for the GTX-10 series cards is starting to age out, I’m considering putting an Intel GPU in a system with an AMD CPU for my HTPC.
The CPU side of the business is totally screwed though; they’ve been doomed since someone at AMD first said the word “Ryzen.”
Funny, when Europe does this, it’s called “socialism”.
Can you imagine the screams of, “COMMUNISM!!!” If Obama or Biden had done this. It’s all we would hear about for an entire election cycle. Fox “News” would play it nonstop.
Didn’t Obama do it for GM and a bunch of other companies as part of a bailout package for a period of time?
Seems like the government owning private industry might stray into the socialism thing thy hate. Why not do this with something more important like healthcare? Republicans are hypocrites.
It’s only socialism when democrats do it.
Uhhh, so much for the free market Republicans spent decades championing
They’ll run it into the ground regardless.
Well, yeah, they always do. Republican admins always leave the economy in the shitter and saddle the nation up with debt so that the incoming Democratic admin has to spend all of their time bringing the economy back up to speed rather than implementing effective reform.
They aren’t interested in effective reform either. Biden had chances to tax billionaires, or to imprison Trump. But yes they are better at handling the economy.
Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.
This is why I don’t like trump being called a nazi, a nazi was a nickname for the german fascist based on the name of the political party NSDAP, specifically the N part, National with the ti part being pronounced the same as the zi part in nazi.
Trump is an american fascist. When you call him a nazi it paints the picture of the ultra villified almost over the top hollywood nazi and it muddies the water and lets other fascist media pundits dismiss it over exaggeration.
Now after being pedantic I prefer these lists tlto check if you live in a fascist state
https://osbcontent.s3-eu-west-1.amazonaws.com/PC-00466.pdf
Spoiler alert: the US is under control of a fascist government.
Nazis are a particularly evil type of fascist. It is the entire point of the label.
Everyone calling this socialism is a moron
Care to elaborate?
Socialism is workers owning the means of production. Not the government. The government can be fucking anything and it (or the people controlling it) profiting from owning a company isn’t socialism by itself.
It’s fine and all to talk about a worker’s government but is that what you would call a Trump presidency? The American government at any point in its history? Will literally ONE FUCKING DOLLAR of Intel profit go to a worker from this?
They’re cutting social services and expanding the power of the surveillance state. Just think for one goddamn second about function instead of form, I’m begging you people.
And so the current Intel chipset I have will be the last I ever own.
I feel like that should’ve already been a given when the 13th and 14th gen Core processors permanently kneecap themselves if they feel like it. But that’s just me.
Me too.
Yes but contrary to China, USA doesn’t use government subsidies to promote their own industries, or state owned companies to spy on the rest of the world. 🤪
/SI hope Intel survives because a Chinese (mainland+Taiwan) monopoly will not be good, but I am so sick of American disinformation regarding China. Always blaming China for things USA has been guilty of for decades before China.
Are you sure about that? US hardware is spying on the rest of the world for decades. Cisco is in no way better then huawei.
Release the Trump/Epstein files
small penis government 😤
