No. of Recommendations: 8
the right way? (Not the wrong way like Mamadani!)
Example #1
"Trump crafted an export control deal allowing Nvidia and AMD to sell artificial intelligence chips to China—on the condition that they pay the federal government 15%t of the revenue.
The conservative National Review called this extortion and a lurch toward state-directed capitalism."
Example #2
"To approve Nippon Steel’s acquisition of US Steel, Trump secured a golden share, granting him veto power over major decisions—functionally, a controlling stake."
Example #3
"The Dept. Of War is spending $400 million in taxpayer funds to buy a 15 percent stake in MP Materials, a California company that harvests rare earth minerals.
The arrangement makes the government the firm’s largest shareholder."
Example #4
"The Trump administration announced it is acquiring 10% of Intel in exchange for $9 billion in federal grants the tech company was slated to receive under the CHIPS Act.
This makes the government the largest Intel shareholder."
"The Wall St. Journal labeled the move a de facto nationalization.”
Senator Rand Paul cautioned, “Today it’s Intel, tomorrow it could be any industry. Socialism is literally government control of the means of production."
"All the methods of interventionism are doomed to failure, because the more the government intervenes—e.g., tariffs, subsidies, regulations, price controls,
bailouts—the more it distorts the economy and everyday living. To remedy the problem, the government intervenes again and again, which only compounds the chaos.
This the path to socialism by installments." ~Ludwig von Mises
https://www.cato.org/blog/trumps-state-capitalism-... 