UPDATE: The president's highly unusual announcement underscores the Trump administration's desire to take control over U.S. businesses.
UPDATE: The president's highly unusual announcement underscores the Trump administration's desire to take control over U.S. businesses.
Fascism 101.
Spot on
But it’s socialism if you feed children school lunches.
So.. communism. The MAGA base is too stupid for words.
WTAF?!
Getting away from big government…
Just like 1930”s Germany
Does the US need to compete with China and Russia for state-owned businesses? How does this a make America great again?
So socialism then?
Communism.
It’s socialism, not communism.
The state owns the means of production; to my knowledge, that’s communism.
Communism simply means property is state-owned and people are remunerated according to need. Socialism means the means of production and distribution are owned between workers and the state - typically via a cooperative.
If the state shares Intel with us, we'll have socialism.
I strongly urge you to get an education in economics as I did at the LSE. Socialism is an economic model, unlike communism. I’ve given you textbook definitions.
I know the textbook definitions. You'll note that I agreed with your textbook definition, and gave the term by which it would apply to this situation. Instead of refuting this term, you responded to me with a personal attack, so I think we're done here.
Grow a pair. We never started.
“Highly unusual”.
WHY?
It's called communism. Just say it.
Haha all you extremely rich people are going to get your due. You may not have to pay taxes but your going to give Trump part of your business now this is what you deserve.
Communist drumpf!
Does that mean taxpayers get dividends?
Free Markets are so lame…
Government taking over big buisnesses, sounds like socialism to me.
If this was new support for American chip manufacturing then I'd be for it. But this is simply Trump demanding a cut of the CHIPS act money already allocated to Intel. Stealing. And Taiwan semi gets CHIPS money without the extortion. Government should provide the investment need to get Ohio fab up.
State capitalism, like in China or Singapore. Wow!
And the price on Intel products just went up 10%; all to keep an extortionist off their ass (for today). It won’t end here Intel…
Businesses don't deserve interventionism.
What in the actual fuck is happening.
We, the People are failing to rise up against this anti-democracy bullshit, that’s what!!! #fuckTrumPEDO #stoptheinsanity #releasetheEpsteinFiles
Government seizing the means of production! Sweet.
They are nationalizing chip production?
KKKaroline tomorrow: “Hey, everyone has been saying we need to ban elected officials from buying stocks. So now Trump goes out and gets stocks for free and you all are still complaining!”
I heard the NPR story earlier. Did anyone else catch the "government will vote the board of directors want" part?!? Stockholder governance?
“Highly unusual?” Seriously, this is flat out communism which would make even Joseph Stalin blush.
Where is all this money going that Trump is extorting from all these corporations , universities , law firms , etc.???
Who had Trump nationalizing industries like a socialist on their bingo card?
Holy bribes
Trump is a despot, a thug, not to be trusted with anything.
Classic Mafia play
Big government is back.
Isn't that what fascists do?
It's what socialists do.
Isn’t that an illegal kickback
This is not the exit from capitalism that I wanted
We truly are becoming West Russia.
Any bets on how long it will take before Intel is either completely gone or completely irrelevant to the chip market?
@npr.org -- could you at least TRY to be accurate and note that Intel is not GIVING a stake in the company to the U.S. government -- they are letting the U.S. government PURCHASE a % of the company.
It’s maddening how few people in the comments know the difference between socialism and communism! Sweden owns stakes in Swedish companies as well. They are socialist. Communism is still a federal crime. But to be fair these words did begin meaning the same thing when they were developed.
Fascism, fam. That’s more what this is. It’s exactly what Mussolini wanted: a state and corporate partnership. Sweden is also wrong to own Telia and Swedbank. It’s not socialism. It’s not communism. It’s fascism.
I did nazi that coming.
Mimicking centralised Chinese economics
The gop goes full socialism.
Yep. On our dime. I assume the right and libertarians are losing their collective minds over this? Oh…they aren’t? 🤔 Wonder why?
Honestly, as an Oregonian this is quite a sight to of relief. Hopefully, some good paying jobs come back to Hillsboro 🤞🏼
Sight to = sigh Autocorrect is atrocious and very late…lately.
Can you say Communist TRump!
Isn’t this like … communism?
Well, technically it’s socialism, but point taken …
The very definition of fascism. Government+corporations.
A democrat should explain to the American public, THIS is communism.
Says everything when he said "controls" 10%.
How has a fat and ignorant mafia thug taken over the country and disfigure it?
Noooooo!
Sounds like a shakedown. In other words, illegal.
Call it Fascism. Because it is.
The party of small government?
This is illegal. Full stop.
A huge win for socialism!
Very stupid man he is. See clearly. A DF fo sho.
I'm losing my fucking mind! Stop the complicit reporting. Please tell people what this is. Why is this "highly unusual"? What is it called when an administration takes such liberties and control?
Agree. No wonder no one is doing anything. The reporting is terrible. Everyone is afraid and we are losing America.
Nice Polite Republicans, controlled opposition
It’s all incestuous!
Is he hoping to Nationalize US business? So Intel gets a lower Tax rate to only sell off a 10% stake? With no guarantee that the deal is not changed tomorrow?
Highly unusual shift to communism. Call it what it is.
You may wish to mention that this has pushed Intel stock, already in freefall, into a massive panic selloff. I'm glad I bailed six months ago, that wasn't even _CLOSE_ to rock bottom.
The American people should be receiving this money in programs, research, medicaid, and health insurance. Not just a stake.
That's what you get when they elect a business owner. Small government is buying everything up, how can anyone compete with the "Too Big To Fail" mega corporations? Will he now award billion dollar contracts to... itself?
Fannie Mae Freddie Mac
State owned enterprise. Who knew that socialism would be formalised under Trump?
Excuse me but WTF
This is absolutely nationalist socialism at work.
This should freak everyone out. The federal goverment should not be owning stakes in any private business. Not in America ever because of control. Russia? Yeah. #dutytowarn
Fascism: A "dirigiste" economy where the state heavily directs economic activity." Google. Dirigiste: an economy where gov't has much control over the economy...........
Someone remind me: what’s it called when a government takes control of corporations…?
So now socialism is OK? Some one should tell the people piling on Mamdani
I did nazi see this coming.
It’s a way to get a bribe for allowing continued business. Putin did the same thing. These companies are digging their own graves.
Want a totalitarian state? Buy a chip company. Backdoors in every device, control hardwired into daily life.😉
Never buy intel products ever again. AMD > Intel anyway.
Yeah, I'm totally convinced he's just not going to find a way to pocket the money.
Sounds like communism to me….helllllllooooooo Republicans?!?!?!
That’s very…Soviet Union
National socialism
Can you imagine if Biden had nationalized 10% of Intel?
SOcIAlsM
Not socialism. Nationalism approaching Communism.
Even worse, the Black boogie man, Obama.
We are so far into fascism; it’s incomprehensible that anyone would deny. Why are we tiptoeing around it?
Under what authority can Trump authorize the purchase of $8.9 billion in corporate stock? Congress controls all government spending, the President can't authorize the spending of a dime.
He wants to control everything!!
This is Mussolini's "corporate state". State control over industries in service of an all-powerful dictator and his favored oligarchs.
Erm, that’s socialism.
So which congress assholes own Intel stock?
This is also tariff. Against American companies. Don’t tax the rich, tariff the companies. And they will take it. Who’s next, Meta, Google, SpaceX, Amazon? Do they see it coming? Where will this lead in tax policy and company law?
Ah, so they were never actually against “socialism,” they’re just against any and all social programs that help people.
Ah yes, the GOP now supports seizing the means of production. Hmmm ... What's that called again?
I’m sure the current and all future administrations won’t abuse this to spy on us.
But fight against paying taxes. Huh. 🤨
What “ism” is it when the state does not own the means of production but after the state makes threats / intimidations takes a portion of the profits? Gotti-ism or Tony Soprano-ism? I was told if I voted for Kamala we’d user in communism. I voted for her, and now we have whatever this is.
Monarchism, actually. It's monarchism.
Interesting way to say: Trump Brings Socialism to U.S. and Republicans say Nothing.
I thought the GOP hated big government taking control of businesses? Power-hungry hypocrites, the lot of them.
Everyone's calling it nationalization as if Trump is going to share the money
This is how nationalization of companies starts. See Turkey
Hey, maybe ask an economist or a historian what kind of regimes are in the business of owning companies.
Extortion. Just call it fucking extortion.
What the fucking fuck? Sorry NPR, this one broke me.
"highly unusual announcement"
FASCISM FASCISM YOU SHOULD CALL IT WHAT IT IS IT’S THE RISE OF FASCISM
Finally communism has come to America!