this post was submitted on 02 Dec 2024
382 points (99.0% liked)
Technology
59958 readers
3360 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I understand why that may seem like a fair solution on the surface, but it's because that would make Intel a part federally owned company, and in general it is avoided to have publicly owned companies competing against private companies. Which in this case would be Nvidia, AMD, Comcast, Qualcomm etc. It's a huge conflict of interest, and would easily be seen as unfair competition, possibly also by trade partners.
There might also be legal issues, internally in USA, and with WTO and other trade agreements.
So it's kind of opening a can of worms that is better left closed. It's not that I don't understand where you are coming from, but trust me, regulation is way better than a government taking control.
Intel may collapse, but then maybe one of the previously mentioned companies may pick up the remains, and built it better. This is why we need to have free competition.
I am not aware of any law on the books that prevents US government from taking equity stake in a corporation. German states take equity in companies. China and Russia have straight majority owned mega corps.
US took equity stake in GM when it bailed them out.
I know there was a huge bruhaha about it but it was just that owner class refusing to face the music for their fucks up.
Nothing is stopping treasury from making tidy profit from their investment like they did with GM.
Current system enables parasitic behavior from owners and executive teams while life for for bottom 80% of taxpayers has been shite... yet every time owner class needs bail out, these people have to pay for it.