government owning the means of production?
🤔
Not socialism.
There’s a different word for that, unless you think the American government represents the working class.
Boycot Intel? Okay, you got it!
Already buying AMD. Nothing personal, AMD CPUs are just better, faster, more efficient and easier to upgrade.
Reminds me of the Dictator/Couper Park Chung Hee in South Korea. At the time government subsidies propped up South Koreas economy. But Park was directly commanding military before, in difference to Trump.
Better for intel than not receiving $8B at all. It can avoid spending it on Ohio plant without upsetting politicians if no one wants to use Ohio made chips. But its not as though telecom companies ever faced real consequences for pocketing “rural broadband subsidies”.
The best part about this, is political campaigns surrounded on confiscatory nationalization of climate terrorists and zionazi first political party influence is normalized.
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
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.
Well, now that they’re doing it like China is, the rest of the world should use tariffs to mitigate this, like we do with Chinese EVs for an example (since those are so heavily subsidized to root out competition not just in China, but worldwide)
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.
Can you not see the crazy smiley? Clearly indicating the statement is crazy. It was sarcasm, but OK I’ll add the /S.
Also the part that USA did it for decades before China should clearly indicate the part above was sarcasm???
Reading comprehension is a skill. It seems like some people just glance at the words and make up what they expect to see. I have no idea how your comment could have been interpreted the way they did without a total disregard for the substance. Maybe they were reading it through an auto translation? Still, seems like the emoji is pretty obvious.
I hope Intel survives
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.
That might be how you are supposed to read that response
OK that could have been stated more clearly, but why should I be against Intel, because USA has used Cisco for spying?
That’s exactly the kind of stupid accusations without evidence I’m tired of USA making against China. Obviously the same standard goes the other way too.
And if Intel goes away, USA can still do it through AMD. 😋
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.
We’ve always had communism for the rich and cutthroat capitalism for the working class
Our healthcare system in the US is Socialism, only the government funds the corporations with subsidies, not paying outright for the citizens. It’s a man in the middle system where they stick a middle finger up your ass to get money from you three times. With taxes, with insurance, and with actual medical care.
It’s only socialism when democrats do it.
Healthcare could help, that’s good socialism. Intel is profits and power and control for the sake of it. That’s bad socialism.
That way when things fuck up they can point and go SEE SEE IT DOESNT WORK! WE TRIED IT AND IT MADE THINGS WORSE!!
and if it somehow does manage to help or improve things they can now claim they did something smart and take all the credit.
Well, no. In this case it’s probably Intel is collapsing I assume, and they’re the only CPU producer native to the US. It’d be a really bad thing strategically to let them fail, so they should be nationalized.
Yeah, but then poor people would use it.
If you ask, they’ll tell you it’s different for ‘essential services’. It’s the same excuse they use for the farm handouts.
Or the rental market…
Because healthcare would help you
Uhhh, so much for the free market Republicans spent decades championing
The market would be freer if it wasn’t dominated by a couple capitalist megacorpos. So nationalisation doesn’t mean less freedom, although neolib propaganda would love you to think so.
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.
The “smartest people in the country” cant do two things at once?
And then Fox runs nonstop debt fear mongering and blaming democrats for the fiscal irresponsibly of the republicans
beat me to it
So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?
No, not at all. The government bought shares in Intel. When you have shares in a company you own part of the company.
Just to clarify and add to what you said, equity shares are not stocks. The gov gets dividends and such, but it isn’t stock that is bought and sold on wall street. It’s all about profitability and not about speculation. If the company makes money, so does the gov. If it loses money, the gov loses money.
Release the Trump/Epstein files
Didn’t the US do a similar thing to save our auto industry? Buying in? I’m hazy on the details, been a minute, but didn’t we cash out and profit?
Not saying this is the end game here, but still?
According to a May 2011 report by the White House National Economic Council, however, the US government may have to write off about $14 billion of its $80 billion loan.
AFAIK the US government also made money off of the 2008 bailouts, at least I am sure they had to pay it back, but for some reason I think it lives in people’s minds as it was like a one time gift of money to those banks and they didn’t have to pay it back or anything.
for some reason
Perhaps seeing your government continually use your tax money to bail out industry that has no tangible benefit to anything but the stock market while fighting against every penny directly invested into the taxed populace colors peoples’ perception a bit.
I disagree with the “no tangible” benefit part, the Worlds economy was about to completely collapse, if you think things are bad now I am sure it could have been much much worse, possibly ww3 post apocalyptic hell-hole.
I do agree the US government sucks and should have implemented more regulations after and fucked up when they didn’t. But on the other hand, you guys are the ones with a Fascist government so you do keep electing these people.
Yes, I know I didn’t address nuance of economy and labor market in the curtness of my reply. But that is often poorly communicated or not at all, so we just see another private entity getting our money gratis or with very low interest.
Add onto that the de facto American policy that private citizens are on their own, circumstances be damned, while the capitalist interests get rescued every time their greed and other missteps hurt their ability to compete in the sacred free market and maybe you can see why people are less than charitable with how they perceive these events.
I think you arguing perception and I am arguing disinformation or lack of information as in if you went around the streets and asked some people whether the bailout money was paid back you’d get more people thinking it was just given to them.
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.
AyyyyyyyyMD
us taking a stake in a failing company sums up america
Remember we bailed out Harley Davidson. Twice.
Cool, now do Duke Energy. And Exelon. And Entergy. Etc. (Not that I trust this admin ofc, but if you want collective ownership…)
