politics @lemmy.worldEnglish · 1 month ago

No, Trump’s Intel Stock Purchase Is Not Socialism

jacobin.com

No, Trump’s Intel Stock Purchase Is Not Socialism

jacobin.com

Agrajag@scribe.disroot.org to

politics @lemmy.worldEnglish · 1 month ago

Democrats are freaking out over the federal government taking a 10% equity stake in Intel, accusing Donald Trump of “socialism.” But the purchase of these nonvoting shares does not give the government any meaningful control over the company.

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ClownStatue@piefed.social
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1 month ago
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!?”

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