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Rebublicans used to be conservative. Now Republicans are right radicals supporting state socialism. US government owns 10% of Intel.

• andsoitis 11mo ago
  > state socialism. US government owns 10% of Intel. State socialism usually involves the government owning or controlling the means of production, running companies to serve social goals rather than primarily for profit. The government bought about 10% of Intel stock, mainly through a structured deal using existing funding commitments. These shares are non-voting (or at least carry no special governance rights), meaning the government does not control Intel’s daily operations. Intel remains a publicly traded, privately managed company operating for profit. Owning 10% of Intel is not state socialism. It’s a government investment in a private company, primarily for strategic and economic reasons, without controlling the company.