daftandbarmy
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IOW: 'National' Socialism...
A Bloomberg report on the Intel transaction on Friday said Trump was embracing "a new brand of economic statecraft." But an official in his first administration had a more caustic take.
"Washington is embracing what can only be called corporate socialism — profits privatized, losses socialized and taxpayers held hostage to the fortunes of politically connected firms," wrote Vance Gunn, an associate director for economic policy in the White House's Office of Management and Budget between 2019 and 2020, this week for the liberal think-tank American Institute for Economic Research (AIER).
The U.S. government has taken a stake in Intel. Defence industry contractors could be next
A Bloomberg report on the Intel transaction on Friday said Trump was embracing "a new brand of economic statecraft." But an official in his first administration had a more caustic take.
"Washington is embracing what can only be called corporate socialism — profits privatized, losses socialized and taxpayers held hostage to the fortunes of politically connected firms," wrote Vance Gunn, an associate director for economic policy in the White House's Office of Management and Budget between 2019 and 2020, this week for the liberal think-tank American Institute for Economic Research (AIER).
