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> state socialism. US government owns 10% of Intel. State socialism usually involves the government owning or controlling the means of production, running comp
by andsoitis 1y 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.