Comment on Intel warns shareholders that the US government's 10% stake could hurt company's international sales
KnitWit@lemmy.world 1 day agoIntel 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.
unexposedhazard@discuss.tchncs.de 1 day ago
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.
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.