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Like when seizing 10% of Intel crashed the market? This isn't exactly the same situation, but I really don't think it's safe to assume that this will be the iss
by SpicyLemonZest 8mo ago
Like when seizing 10% of Intel crashed the market? This isn't exactly the same situation, but I really don't think it's safe to assume that this will be the issue on which the business community will grow a spine.
- tehjoker 8mo agoYou might be surprised. When Harry Truman tried to nationalize US steel, it created massive pushback (bad for democracy imo, but the business community defends its interests to the teeth—though the circumstance is he wanted to advance the korean war, which was in the business community's interests). https://www.ebsco.com/research-starters/law/truman-orders-seizure-steel-plants https://www.ebsco.com/research-starters/law/truman-orders-se...
- j45 8mo agoNationalizing predicate companies is often seen as a step towards centralization.