“Fascism should more properly be called corporatism because it is the merger of state and corporate power.”
— Benito Mussolini
Fascism is Imperialism turned inwards.
Fascism is capitalism in decline.
Both of these quotes get attributed to Lenin but I think only the second is.
They are essentially equivalent though. Imperialism is a requirement of capitalism and the methods capitalist use to oppress the third world get turned inward on the imperial core. You will see ICE use the same methods the IDF has used in the west bank and Gaza. These were training grounds for Fascist oppression and specifically in methods of crowd control.
if this was biden fox would be running 24/7 coverage about this communistic act
This is a good thing.
It more closely mirrors TSMC and Samsung Foundries.
I know Lemmy largely won’t believe it, but not every molecule of air MAGA breathes is bad. In fact, this feels like a sharp reaction to stubborn neoliberal orthodoxy, hence folks like Bernie are nodding along. I mean, I tend to be more of a deficit hawk, but this is a worthy investment (with the right conditions and stipulations for Intel to not shutter long term projects for short term profit).
Release the Trump/Epstein files
What in the ever living fuck happened to “the free market”?!?!
Don’t innovate and sell faulty chips which ignite in people’s PCs? Should go out of business. This bail out nonsense is so stupid. Always privatize the gains and socialize the losses in good ol USA.
Well this isn’t exactly a bailout per se. The government will own a chunk of Intel, which is pretty much the beginning of what should happen if something is “too big to fail” and needs a bailout: nationalization.
Now, who the hell knows if this will end up being a good use of tax dollars, but at the very least it’s not a free bailout for fucking billionaires whose milking of the system crashed it.
I wonder what this would mean for competition. Would US adopt rules that are beneficial to Intel to increase their share price?
I can see where this may help open the door / set precedent for the country to buy out or into companies long term… but when Intel declared they are basically dead in the water because their tech was at least 5 years behind on research now and in the last 5 years their stock as essentially halved, who can say what it will do other than cushion Intels fall.
Arc is good, just needs a bigger SKU and another generation.
Intels CPUs are not bad, especially their smaller cores, just sold in stupid overclocked configs. In comparison to AMD, they are are way better than bulldozer was back in the day.
Fabs are behind TSMC but still close. Compute and graphics APIs are a mess but getting better by the month.
Intel is on the brink of being fine if they can just stop the footgunning, canceling, dysfunctional delays and corporate Game of Thrones.
I guess horseshoe theory isn’t all that far off, hey?
But again, it’s not a bad thing in this case - sometimes they come up with the right idea, even if for the wrong reasons.
Of course Bernie approves a socialist handout for an Israeli invested billionaire corporation.
Fuck all the way off
Where to? I do not have an Israeli kibbutz to go live in like Bernie Sanders.
Bro lived in an Isreali commune in the 60s and therefore supports the Isreali genocide happening now despite all the things he says and does that is evidence to the contrary?
Like sending taxpayer money in weapons to Israel and buying massive amounts of Intel stock
Other politicians being worse than Bernie does not make Bernie good.
