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Don't worry, this is the type of project that can easily get nationalized with zero pushback if anyone with authority wanted to.
by shimman 10mo ago
Don't worry, this is the type of project that can easily get nationalized with zero pushback if anyone with authority wanted to.
- ahmeneeroe-v2 10mo agoyes but only by a US authority.
- shimman 10mo agoYes and the seeds have already been planted by the current US administration taking various financial stakes in public companies as a condition of corporate welfare.
- mattmaroon 10mo agoThe current administration didn’t start that, see the bailouts of the 07-08 financial crisis.
- shimman 10mo agoThose were just repaying the loans, having a stake in a company is completely different. It's not hard to push that further and in more creative ways too.
- mattmaroon 10mo agoThat’s completely incorrect, they got significant equity in AIG, Citibank, and several other companies.
- shimman 10mo agoEven better, this is a policy that has been done by multiple Presidents. All you need know is an executive willing to do it as it's clearly in the President's power to dictate commerce if they can force the federal government to take equity in various companies at any time (even better if said company relies on US welfare to exist).
- buellerbueller 10mo agoI don't see this as a good analogy, because the financial crisis bailout appeared to save the companies from shuttering, which is not what happened under the current admin.
- mattmaroon 10mo agoSome of it is. Intel was in big trouble. Some of the investments were more national security related and a lot of it was done through the DoD which has a history of this too. It’s unusual but not entirely unprecedented.
- ahmeneeroe-v2 10mo agoHuge difference between taking an equity stake in a failing company and nationalizing a successful company. Either way, those seeds were planted well before this admin, though this admin can be seen to have watered/tended them.
- rmunn 10mo agoOne of those differences being "Hey, we want to buy some shares at market price, will you sell them to us?" vs "We're taking over your company, and if you don't like it, talk to the men with the guns".
- vardump 10mo agoThat might have pretty negative long time consequences. Nationalize a few companies and soon the corporates might relocate.
- shimman 10mo agoWhere are they going to go? Honest question, because capital flight is always a threat that never materializes. Turns out the actual pillars of wealth can't easily be extracted out of the country.