President Trump has confused his role as president with that of a monarch.
During the era of mercantilism, European monarchs granted exclusive trading rights, or monopolies, to private companies via a royal charter. In exchange, the monarch received a portion of the company's profits, similar to a royalty payment, or was granted other economic and political concessions.
This system created a powerful, mutually beneficial, albeit often exploitative, partnership between European monarchs and private trading companies that was a central feature of imperial expansion and colonization.
Investing in Intel would seem to violate 2 GOP cardinal rules: "socialism" (government ownership of the means of production), and "picking winners and losers."
That said, an article in this week's Economist also casts doubt on Intel ability to: 1. make high capacity chips in the US, or 2. survive as a going concern. Instead, this has all the earmarks of 47 buying more influence in a manner designed to cow other corporate leaders.
Medicare for All by owning 20% of every health insurance company was not on my scorecard.
Now do the U.S. Postal Service.
President Trump has confused his role as president with that of a monarch.
During the era of mercantilism, European monarchs granted exclusive trading rights, or monopolies, to private companies via a royal charter. In exchange, the monarch received a portion of the company's profits, similar to a royalty payment, or was granted other economic and political concessions.
This system created a powerful, mutually beneficial, albeit often exploitative, partnership between European monarchs and private trading companies that was a central feature of imperial expansion and colonization.
The premise of Trump doing extortion here is what is false.
It’s extortion for the taxpayers to get something for their money, but no problem at all that Biden was just going to give them the money outright?!?
🙄
Please…
All he did was get the taxpayer a better deal for our money than what Biden was gonna do.
But shockingly - shockingly! - you make no mention of Biden’s crony capitalism giveaway here, which is they key context.
Investing in Intel would seem to violate 2 GOP cardinal rules: "socialism" (government ownership of the means of production), and "picking winners and losers."
That said, an article in this week's Economist also casts doubt on Intel ability to: 1. make high capacity chips in the US, or 2. survive as a going concern. Instead, this has all the earmarks of 47 buying more influence in a manner designed to cow other corporate leaders.
So it’s worse to “invest” the money in Intel in torture for non-voting shares than it is to just *hand* the money to Intel, as Biden had done?
🙄