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Comment on Intel warns shareholders that the US government's 10% stake could hurt company's international sales

unexposedhazard@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

Nah this is just red scare tactics from Intel. This is not actually an entirely “bad” move by Trump, its just being done for the wrong reasons. People have been asking the government to start doing this kind of thing again for decades. The most prosperous period in US history was during the height of government interference in the market.

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KnitWit@lemmy.world ⁨1⁩ ⁨day⁩ ago
Intel is just the easy one for people to get on board woth, as they are struggling and have received grants etc. Lutnicknalready said they want to do the same with Lockheed-Martin, who does jot have the same issues, amd expamding from there. I fully disagree with the notion being put forth that this is comparable to other nations ‘socializing’ their industries. This is Trump taking a cut. He attacked Intel, attacked their ceo and m threatened to have him removed. The ceo then bowed and is apparently giving up 10% of the company and is being called a genius by Trump now. It’s extortion.

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- unexposedhazard@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago
  
  its just being done for the wrong reasons
  
  Thats what i meant by that. Its not the 10% stake itself that hurts the company or economy, its how Trump is utilizing it.
  I dont give a fuck about Intels well being or how well the US economy is doing, but if this leads to normalizing government involvement in essential industries again, then that would be a win globally.
  
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  - KnitWit@lemmy.world ⁨1⁩ ⁨day⁩ ago
    I get what your saying, and if it lead to that then I agree it would be a good thing. But that isn’t what this is or how it is going to move things forward. It’d be like thinking that universities will thrive because Trump is normalizing govt involvement in them over the Harvard threats and expansion beyond.
    
    Linking the altruistic potential of what he is doing to the very obvious extortion is carrying his water in terms of acceptance. It’s the same as what has allowed him to skate in the media for so long instead of calling out what it actually is.
    
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