Economy US to take 10% equity stake in Intel; more to follow

[jefferz]

I feel like a lot of people ITT need a primer on what state-owned enterprises are and especially how common they are. I suggest this great article from the IMF:

https://www.imf.org/-/media/Files/Publications/fiscal-monitor/2020/April/English/ch3.ashx

Yes, lots of bad guys from "3rd World Shitholes" like Gazprom (Russia), Petrobras (Brazil), and China Petrochemical.

But also a lot of good guys from developed democracies like Peugeot (France), DHL (Germany), and Volkswagen.

Having said that, Intel probably doesn't qualify as state owned because the gov't doesn't have board representation and probably very little say in their operations. From Intel themselves:

The government’s investment in Intel will be a passive ownership, with no Board representation or other governance or information rights. The government also agrees to vote with the Company’s Board of Directors on matters requiring shareholder approval, with limited exceptions.

Intel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership

newsroom.intel.com

"with limited exceptions" Hmmmm. I wonder what those exceptions are.

 

[djacobox372]

 

[rearnakedchoke]

Big balls will be reviewing their books soon and cutting waste.

 

[Possum Jenkins]

Most people in here who trend left arent going to chastise this practice as non-viable. We are going to chastise blatant hypocrisy by the "free market" muppets who would have screamed bloody murder if a Democrat had done this.

True.

Though, to be fair to them, there's few of them around now. The right has stopped caring about government spending and discussing the virtues of the free market.

Their top concern are things like, stopping the globalists, defeating the elitist agenda of mass migration, defeating the elitist trans ideology, etc. Which is why this thread only has 5 pages. In the Dubya days, this would have 20+ pages and the debates would be fierce.

Meanwhile, the Go Woke, Go Broke thread has over 100 pages.

 

[jefferz]

True.

Though, to be fair to them, there's few of them around now. The right has stopped caring about government spending and discussing the virtues of the free market.

Their top concern are things like, stopping the globalists, defeating the elitist agenda of mass migration, defeating the elitist trans ideology, etc. Which is why this thread only has 5 pages. In the Dubya days, this would have 20+ pages and the debates would be fierce.

Meanwhile, the Go Woke, Go Broke thread has over 100 pages.

Well, when you had mods like @Oeshon that banned everyone that didn’t agree with him, it’s easy to see what happened to the WR.

 

[GhostZ06]

im so glad our great bad ass business leader is selling our lead over china for 10%. The fucking security risks honestly piss me off.

 

[curryjunkie]

Most people in here who trend left arent going to chastise this practice as non-viable. We are going to chastise blatant hypocrisy by the "free market" muppets who would have screamed bloody murder if a Democrat had done this.

The UK govt had majority ownership of essential infrastructure at one time, energy, water, trains, the tories sold it all off for pennies on the pound and now it's all fucked. Only thing left is the NHS and it's underfunded on purpose so they can tear pieces of it away for privatization.

 

[44nutman]

True.

Though, to be fair to them, there's few of them around now. The right has stopped caring about government spending and discussing the virtues of the free market.

Their top concern are things like, stopping the globalists, defeating the elitist agenda of mass migration, defeating the elitist trans ideology, etc. Which is why this thread only has 5 pages. In the Dubya days, this would have 20+ pages and the debates would be fierce.

Meanwhile, the Go Woke, Go Broke thread has over 100 pages.

Crying on Tik Tok in a Cracker Barrel parking lot is more important for Conservatives now. American Media has failed this country. I don’t blame them though talking about the economic policy other than egg prices does not deliver that rage dopamine hit their addicted viewers require. Addicted viewers equals charging boner pill companies a higher rate for ads

 

[Sinister]

True.

Though, to be fair to them, there's few of them around now. The right has stopped caring about government spending and discussing the virtues of the free market.

Their top concern are things like, stopping the globalists, defeating the elitist agenda of mass migration, defeating the elitist trans ideology, etc. Which is why this thread only has 5 pages. In the Dubya days, this would have 20+ pages and the debates would be fierce.

Meanwhile, the Go Woke, Go Broke thread has over 100 pages.

Their top concern is implementation of their preferred heirarchy via authoritarian means. Let's not beat around the bush about it anymore. We dont owe it to them to make them seem like actual issues. They want to feel like they're a protected and favored class by weaponizing the Government against their opposition.