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Deciding to give Intel massive subsidies would require congress to agree and enact legislation, and that isn't happening with it being a politically fractured s

Deciding to give Intel massive subsidies would require congress to agree and enact legislation, and that isn't happening with it being a politically fractured senate and house. It also isn't exactly sustainable to just keep funneling truckloads of money into Intel to be competitive and kind of pokes a giant hole in the idea that the free market is supreme at solving all problems. In the end subsidies just contribute to rising inflation (it's printing money). The fundamental problems have to be fixed.

lesuorac 3y ago
> Deciding to give Intel massive subsidies would require congress to agree and enact legislation, and that isn't happening with it being a politically fractured senate and house. Eh, sure congress has apparently only passed 1 bill so far this year [1] but you can go look up other split years (i.e. 2013 [2]) as a reference. They actually pass a lot of bills despite what people say and the first 4 months of the session are always slow. Ohio is a R state so republicans won't bring up deficit issues (not that they actually care about them). Democrats (obviously) voted yes on the CHIPs act last year so its not like they're going to change their mind now. The remaining parties aren't a large enough coalition to matter. > It also isn't exactly sustainable to just keep funneling truckloads of money into Intel to be competitive Unless you're going to argue the USG is going to become insolvent prior to Intel finishing the fab in Ohio this is an irrelevant argument. The USG will be around longer than it takes to build a fab and as I brought up in my previous comment; plenty of companies are not competitive on a global scale but they still turn a healthy profit because the USG backstops them. > In the end subsidies just contribute to rising inflation (it's printing money) Well, you can subsidize something without printing money. I think printing money causing inflation has been trivial disproven though by the 2019 pandemic where governments printed money like mad and no inflation occurred until years after the fact. Unless of course you want to argue the free markets are so inefficient they took 2-3 years to correct for that money printing? [1]: https://legiscan.com/US/legislation/2023?type=bill&status=passed https://legiscan.com/US/legislation/2023?type=bill&status=pa... [2]: https://legiscan.com/US/legislation/2013?sort=asc&order=Last+Action&status=passed https://legiscan.com/US/legislation/2013?sort=asc&order=Last...

lesuorac 3y ago

> Deciding to give Intel massive subsidies would require congress to agree and enact legislation, and that isn't happening with it being a politically fractured senate and house. Eh, sure congress has apparently only passed 1 bill so far this year [1] but you can go look up other split years (i.e. 2013 [2]) as a reference. They actually pass a lot of bills despite what people say and the first 4 months of the session are always slow. Ohio is a R state so republicans won't bring up deficit issues (not that they actually care about them). Democrats (obviously) voted yes on the CHIPs act last year so its not like they're going to change their mind now. The remaining parties aren't a large enough coalition to matter. > It also isn't exactly sustainable to just keep funneling truckloads of money into Intel to be competitive Unless you're going to argue the USG is going to become insolvent prior to Intel finishing the fab in Ohio this is an irrelevant argument. The USG will be around longer than it takes to build a fab and as I brought up in my previous comment; plenty of companies are not competitive on a global scale but they still turn a healthy profit because the USG backstops them. > In the end subsidies just contribute to rising inflation (it's printing money) Well, you can subsidize something without printing money. I think printing money causing inflation has been trivial disproven though by the 2019 pandemic where governments printed money like mad and no inflation occurred until years after the fact. Unless of course you want to argue the free markets are so inefficient they took 2-3 years to correct for that money printing? [1]: https://legiscan.com/US/legislation/2023?type=bill&status=passed https://legiscan.com/US/legislation/2023?type=bill&status=pa... [2]: https://legiscan.com/US/legislation/2013?sort=asc&order=Last+Action&status=passed https://legiscan.com/US/legislation/2013?sort=asc&order=Last...