506
this post was submitted on 27 Aug 2025
506 points (99.0% liked)
Technology
75946 readers
2957 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How is this legal?
Also how is not socialism? Imagine the wailing from Repugnants if the Democrats did this.
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.
It is socialism, between them
Now THAT'S some mental gymnastics!
Socialism is social ownership of the means of production. This ain’t it. This is Turbo Capitalism.
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?
It wasn’t a bailout. It was a grant being converted to an equity position with questionable legality.
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
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.