US to take 10% equity stake in Intel, in Trump’s latest corporate move. What are you thoughts on this from a privacy standpoint? I’m not close to being an expert on this tech, but can the US Government exploit this?
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so the Republicans are the communists after all
“Communism is when Capitalism”
You are confusing socialism with communism.Socialism is owning infrastructure like roads, electricity and water supply etc.Communism is owning private entities with the goal of full control of all means of production.
This is a step towards communism and not socialism.
Edit: OP edited it to communism. I respect that.
I want to add:
That being said above, the US goal is not communism. It is to control all powerful companies like Russia does. I dont know what it’s called, but it’s not communism, as that will require no ownership at all.
This move by the US is also no different that China owning parts of Huawei.
It’s called fascism. That’s the name that Mussolini made up for the thing he was doing. The merging of state and corporate power under a populist strongman of a nationalist authoritarian government. That’s what the word fascism actually means when it’s not just being used as a petty insult.
Very correct, thank you.
State capitalism is when the government has controlling stakes/legislation in all major economic actors, ensuring they pursue government objectives, while still allowing the capitalists involved to extract the major share of profits.
A real world example is China.
They already control the companies. Top down orders occasionally come down making that clear