Bernie BACKS Trump 10% Intel Stake As Cons FREAK
Debate over Trump's Intel Equity Deal and US Industrial Strategy
Analyze the implications of the US government taking a 10% stake in Intel. Understand the competing views between free-market principles and necessary state control for national security manufacturing.
Short Summary
- Trump secured a $11 billion equity stake in Intel by converting promised government grants into ownership.
- The move ignites a debate pitting traditional libertarian views against industrial policy favoring national security control over semiconductors.
- Speakers agree that domestic chip manufacturing is a critical national security interest, contrasting US design focus with Asian manufacturing dominance.
- One host views the action favorably as a necessary step against state capitalism, while the other fears political corruption eroding any potential benefit.
This discussion dissects President Trump’s move to gain 10% equity in Intel using converted Chips Act funds. We explore why securing domestic foundry capacity is vital for national defense against geopolitical rivals. The debate centers on whether state intervention in critical industries is a necessary industrial policy or risky crony capitalism executed by Trump.
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Top Comments (10)
Saagar is wrong; the Korean Government is a branch of Samsung.
The Comrade Saagar arc continues
The headline of this should be “Trump Does Socialism”
Intel CEOs will use this to pad their golden parachute rather than make products
Bernie didn't like that the ChIPs Act didn't have strong clawback provisions if the company took money and later outsourced anything.
When Obama bailed out the auto industry, I was of the opinion he should have just bought cars. Replace the entire Federal fleet of vehicles, paying in advance, and ordering cars to specification that don't exist yet so they have a legally enforceable obligation to mass produce cars to the future standards we want. The Federal Government can and should be using the free market to influence policy. There are many times when it is more effective than typical regulations. And when we bailed out the banks, we should have acquired them and then re-privatized them in the way we wanted, with smaller banks that have more competition rather than selling to fewer and fewer larger banks.
The neoliberals are crashing out in this comments section 😂😂
“The US doesn’t own ten percent of Boeing!!” Well, maybe we should.
Anyone else smell the fear in the decline of the empire
Saagar becoming a comrade was not what I had in my bingo card.
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Top Comments (10)
Saagar is wrong; the Korean Government is a branch of Samsung.
The Comrade Saagar arc continues
The headline of this should be “Trump Does Socialism”
Intel CEOs will use this to pad their golden parachute rather than make products
Bernie didn't like that the ChIPs Act didn't have strong clawback provisions if the company took money and later outsourced anything.
When Obama bailed out the auto industry, I was of the opinion he should have just bought cars. Replace the entire Federal fleet of vehicles, paying in advance, and ordering cars to specification that don't exist yet so they have a legally enforceable obligation to mass produce cars to the future standards we want. The Federal Government can and should be using the free market to influence policy. There are many times when it is more effective than typical regulations. And when we bailed out the banks, we should have acquired them and then re-privatized them in the way we wanted, with smaller banks that have more competition rather than selling to fewer and fewer larger banks.
The neoliberals are crashing out in this comments section 😂😂
“The US doesn’t own ten percent of Boeing!!” Well, maybe we should.
Anyone else smell the fear in the decline of the empire
Saagar becoming a comrade was not what I had in my bingo card.