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Trump administration 2024-2028

How many corporations does our government own, control, have a minority stake in, etc? Start counting here. Knock yourself out.
A total strawman and you know it.

The Canada Arts Council and the Royal Canadian Mint aren't privately traded corporations and never have been private corporations. Nor do they have any competition. Nor can the government act to prioritize them over other privste corporations to snuff competition.
 
A total strawman and you know it.

The Canada Arts Council and the Royal Canadian Mint aren't privately traded corporations and never have been private corporations. Nor do they have any competition. Nor can the government act to prioritize them over other privste corporations to snuff competition.
Not half an hour ago I provided a link to an article that puts some perspective on the situation. Did you bother to read it? The point is that governments take ownership for reasons of policy. It's completely uncontroversial. And the Canada Arts Council is about nothing else other than interference; there would be plenty of art and culture without it, just not so much for the highbrows who think their tastes ought to be subsidized.

There's at least one bright lining to this round of sky-is-falling wing-nuttery: it's a sign of incipient socialism, not incipient fascism.
 
Meanwhile, on the socials ....
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More from MSM

Hmmmm, trying to fight the headwinds (precedent of President's party losing seats @ mid-terms + less-than-optimal POTUS popularity)?

Stay tuned - as others smarter than me have said, let's see what he does vs. what he says so far.
 
How many corporations does our government own, control, have a minority stake in, etc? Start counting here. Knock yourself out.
As someone else said, who's buying stock in Crown Corporations? I stand to be corrected, but IIRC, during the 2008-ish financial crisis, Canada and Ontario bought some GM equity to help out, and ended up selling the equity off down the road.

We'll have to wait & see what the U.S. "does" with its share of Intel, and the powers the equity gives it.
 
"MAGA is too communist to be fascist" is not a great endorsement or silver lining.
I don't think the people who seize every provocation as evidence of fascism, socialism, or any other-ism are endorsing anything. The silver lining is the humour they provide.
 
Meanwhile, on the socials ....

Stay tuned - as others smarter than me have said, let's see what he does vs. what he says so far.
What Trump says or does is entertaining, but he isn't the moving part that matters. Pay attention to Democrats. Right now, they are doubling down on SOS even more strongly than the NDP in Canada. They're stuck in a "we weren't true enough to our principles/we didn't get our message out strongly enough" cycle.
 
As someone else said, who's buying stock in Crown Corporations? I stand to be corrected, but IIRC, during the 2008-ish financial crisis, Canada and Ontario bought some GM equity to help out, and ended up selling the equity off down the road.

We'll have to wait & see what the U.S. "does" with its share of Intel, and the powers the equity gives it.

  • "Supply-chain reality: Chips are the new oil. Ensuring domestic capacity in leading-edge fabs is a national security problem first, a textbook market-failure second. Even critics of the Intel deal are arguing policy design, not pretending the stakes don’t exist."

That should be obvious, but the author of the article thought it was important enough to stress.
 
The government having a vote and stake is peak state capitalism. If the US wants to be the Peoples Republic of China Peoples Republic of America thats their business but lets not pretend its normal in a free market system. Whos to say they wont use the unlimited money supply of the government to buy another 10%? 20%? Where does it stop? Whats to stop the government from prioritizing all investment and policy to favour intel at the expense of competitors since thst is in their interest now?

The cognitive dissonance surrounding this is insane. I guarantee if our government had done this first, anti-communist/conservative people would be self-immolating in protest of Comrade Carney.

Edit: clarity, forgot a point.
You can prove anything if you make up your evidence. So far the US has acquired a 10% stake in a major corporation in a major strategic industry. There isn't much point riding the Slippery Slope Express all the way to the conclusions at the bottom.
 
  • "Supply-chain reality: Chips are the new oil. Ensuring domestic capacity in leading-edge fabs is a national security problem first, a textbook market-failure second. Even critics of the Intel deal are arguing policy design, not pretending the stakes don’t exist."

That should be obvious, but the author of the article thought it was important enough to stress.
Oh I get the why - just staying tuned to see, like I said earlier, exactly how the powers are used & if any collateral damage ensues.
 
Oh I get the why - just staying tuned to see, like I said earlier, exactly how the powers are used & if any collateral damage ensues.
What some critics (other than those dipping into the "Socialism!" well) are writing is that it has the appearance of negating the commitment by which Intel was supposed to build some fabs in the US - has money for fabs become money for stock? And will Congress do anything about it (noting that some Democrats will love a pretext for more muscular government investment in equities)?
 
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