sc94597 said:
Even if the corporations aren't "working for the public good" and just profiting like other corporations, at least the public is ostensibly benefiting by sharing in those profits (in this case 10% of them.) Of course that is assuming the U.S Government is itself providing public goods. This is essentially the basis of state-owned enterprises. Plus as ownership increases and the SOE's are therefore more democratically embedded there is more public influence. So yeah, I think public ownership is good in itself and not just "glorified welfare for big business." It's a much better solution compared to the generous loans and bailouts we saw in the Great Recession, for example. It just sucks that Trump is doing it for his crony self-interest. |
In this case, it is glorified welfare, not to mention an opportunity to make one of the USA's largest chipmakers work for nefarious ends by the government. There is no public benefit here.
This is pretty much classical fascism. This is similar to what Germany did to the chemical/pharmaceutical conglomerate I.G. Farben, which previously had ties to a liberal political party before it was Aryanized after 1933.
