US government takes a 10% stake in Intel

[CaptainExplosion]

sundin13 said:

sc94597 said:

I am actually not opposed to this, although I wish it was done by some actual law rather than Trump's arbitrary whim. 

The tech industry needs to be more democratically embedded than it is. And I say this as a tech worker who is optimistic of the current industry trends. 

As a socialist, if Republicans want to accidentally expand public ownership and justify it as some sort of "patriotism" they can go ahead. Next time we get an actual left-wing government (maybe in the 2030's as unemployment reaches 20% due to AI and automation) we can tie this public ownership to social benefits, expand it, and promote cooperativism or codetermination. 

If the US Government is taking stake in corporations, they need to ensure those corporations are working for the public good, else it is just glorified welfare for big business.

It IS glorified welfare for big business, because that's one of the only things Republicans care about.