this post was submitted on 27 Aug 2025
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[–] favoredponcho@lemmy.zip 44 points 1 month ago (3 children)
[–] dan1101@lemmy.world 45 points 1 month ago (3 children)

Also how is not socialism? Imagine the wailing from Repugnants if the Democrats did this.

[–] Sauerkraut@discuss.tchncs.de 48 points 1 month ago (2 children)

Public ownership of companies for the benefit of the public is a form of socialism, but Trump's fascist oligarchy serves only the wealthy elites. Oligarchs hijacking democracy for their own benefit isn't socialism.

[–] Goodlucksil@lemmy.dbzer0.com 4 points 1 month ago

It is socialism, between them

[–] PHLAK@lemmy.world -1 points 1 month ago

Now THAT'S some mental gymnastics!

[–] AdamBomb@lemmy.sdf.org 9 points 1 month ago

Socialism is social ownership of the means of production. This ain’t it. This is Turbo Capitalism.

[–] amju_wolf@pawb.social 25 points 1 month ago (1 children)

It's a bailout where the taxpayers actually get something back.

How is it legal to bail out whole banks or other large companies and not get anything in return?

[–] olympicyes@lemmy.world 8 points 1 month ago

It wasn’t a bailout. It was a grant being converted to an equity position with questionable legality.

[–] ILoveUnions@lemmy.world 11 points 1 month ago* (last edited 1 month ago) (1 children)

Beyond the greater issues of corruption, at face value there's no reason the government buying up a company with important strategic value should be illegal

[–] ronigami@lemmy.world 10 points 1 month ago

It’s basically the GM bailout but with less steps and specifically avoiding bankruptcy which seems more efficient. Not that the gov’t won’t just turn around and run Intel into the ground.