this post was submitted on 26 Oct 2024
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A Boring Dystopia

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submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]
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[–] [email protected] 99 points 2 months ago (3 children)

Intel is part of a small number of companies that are strategically important for the US to keep posturing in front of China and the EU, like Boeing or SpaceX.

Those companies know the US government will never let them fail: even if they're driven to bankruptcy by the most stupid management, they'll get taxpayer's money - i.e. OUR money - in the form of subsidies to bail them out.

Therefore, to answer your question, they need $8bn in subsidy because they deliberatively placed themselves in a position to request money from us that they know will be granted.

Hell, if I knew however much money I spent, someone would always foot the bill if I ran out, I too would spend like no tomorrow in order to get more money for free. It's plain logic.

[–] [email protected] 36 points 2 months ago (1 children)

If they are too big to fail, then they need to be nationalized.

All of these companies have two things in common: they socialize risks and liabilities and privatize profits.

[–] SapphironZA 9 points 2 months ago

Or be broken up.

[–] [email protected] 16 points 2 months ago (1 children)

Boeing, space x, and Intel.

All terrific companies with excellent management and absolutely nothing bad about them whatsoever.

[–] skittle07crusher 5 points 2 months ago

They once did a good thing that one time - and were American, at that moment at least. -Ish.

[–] loutr 8 points 2 months ago

Hell, if I knew however much money I spent, someone would always foot the bill if I ran out, I too would spend like no tomorrow in order to get more money for free. It's plain logic.

  • Why did $manager hire two more people? We don't need them, half the team has no idea what they're doing here and are just fucking around all day already.

  • Yeah but he still has some budget left, and if he doesn't spend it all next year he'll get less, and we can't have that.

[–] [email protected] 33 points 2 months ago (1 children)

Because lobbyism (a.k.a. corruption).

[–] [email protected] 25 points 2 months ago (1 children)

Lobbying is bribery. Pure. Simple.

[–] [email protected] 13 points 2 months ago (1 children)

You don’t understand.

Giving money to government officials is just a tip for appreciation and is completely legal

I wish I needed to add a /s, but it is objectively true:

https://www.omm.com/insights/alerts-publications/supreme-court-limits-reach-of-federal-bribery-law-applied-to-state-and-local-officials/

[–] [email protected] 5 points 2 months ago

Giving money to government officials is just a tip for appreciation and is completely legal

Yes it is, but it shouldn't be.

[–] [email protected] 33 points 2 months ago (2 children)

Every two years the US votes for capitalists, then capitalist things happen, and people clutch their pearls as if this isn't precisely what they voted for.

[–] [email protected] 10 points 2 months ago (2 children)

It's not really a choice when it's the only option.

[–] [email protected] 4 points 2 months ago

Why do you hate democracy?

[–] [email protected] 2 points 2 months ago

Time to introduce the guillotine then

[–] [email protected] 8 points 2 months ago

No, that's ridiculous. Americans have a first past the post, winner take all, voting system. And we have an electoral college.

This means that Americans never vote FOR president. Then only ever vote AGAINST who they hate most of the two real candidates.

[–] [email protected] 20 points 2 months ago (1 children)

They've been burning through multiple billions quarter over quarter during all those buybacks too. Sounds like poor leadership to me.

[–] [email protected] 9 points 2 months ago (1 children)

Not for the shareholders. And that's exactly the problem.

[–] [email protected] 12 points 2 months ago

Half for buybacks and half for executives, lobbyist, and other corrupt programs.

[–] [email protected] 7 points 2 months ago

Because otherwise, all this money would be wasted on the dissolute like homeless people or children.

[–] [email protected] 7 points 2 months ago

Parasites got it good. We pay them on both ends and they still price gouge us

[–] n3m37h 4 points 2 months ago (1 children)

That is 4.34 billion for each year

[–] [email protected] 1 points 2 months ago

100 billion in the last 15 yeaes tho

[–] [email protected] 2 points 2 months ago

Because MMMONEYYY!