So the latest dog whistle the GOP have been using to rile up it's base lately is "communism". We've had "woke", "transvestites", "Antifa", illegal immigrants", and a bunch of other stuff that makes the MAGA crowd don their red caps (do they ever take them off??) and wave their US/Confederate flags.

But at the same time as the focus now has shifted to "communism" the US government has, on trump's orders, quietly bought stakes in seven additional companies nearly a year after acquiring 10% of Intel.

Hypocrisy, thy name is MAGA.

'Commerce Department quietly announces 7 new equity stakes in private companies'

https://thehill.com/policy/technology/6000186-commerce-ai-chips-stakes/

"The announcement comes nearly a year after President Trump announced the federal government would take a 10 percent stake in Intel, one of the nation’s largest chip manufacturers, for roughly $11 billion in federal subsidies the company received.

The practice has drawn criticism from Trump’s Republican base. Sen. Todd Young (R-Ind.), who drafted the foundation of the CHIPS and Science Act, said at the time the law never intended to let the federal government take a major stake in Intel or any other major company.

Despite backlash last summer, the Trump administration moved last December to take a $150 million stake in xLight, a startup developing laser technology, in exchange for federal incentives."

Is the government owning a stake in a company the true form of socialism? 

Political scientists and economists generally distinguish several concepts:

• Socialism (broadly): An economic system in which the means of production (factories, utilities, mines, transportation, etc.) are owned or controlled by society as a whole, either through the state, worker cooperatives, or other forms of collective ownership. The extent and form of ownership vary widely among socialist theories.

• State ownership: When the government owns part or all of a company. This can occur under socialist governments, but it also occurs in many capitalist countries.

• State capitalism: A system where the government owns or controls major companies but they operate in a market economy, often for profit. Many scholars describe countries like China as having significant elements of state capitalism.

23 minutes ago, Mr Awesome said:

Is the government owning a stake in a company the true form of socialism? 

Political scientists and economists generally distinguish several concepts:

• Socialism (broadly): An economic system in which the means of production (factories, utilities, mines, transportation, etc.) are owned or controlled by society as a whole, either through the state, worker cooperatives, or other forms of collective ownership. The extent and form of ownership vary widely among socialist theories.

• State ownership: When the government owns part or all of a company. This can occur under socialist governments, but it also occurs in many capitalist countries.

• State capitalism: A system where the government owns or controls major companies but they operate in a market economy, often for profit. Many scholars describe countries like China as having significant elements of state capitalism.

That depends on how you define "true socialism". It's certainly a form of socialism.

4 minutes ago, BLMFem said:

That depends on how you define "true socialism". It's certainly a form of socialism.

You understand that states invest their pension funds in company stocks, which gives them an equity stake in these companies. Do you consider this socialism?

6 minutes ago, BLMFem said:

That depends on how you define "true socialism". It's certainly a form of socialism

without the dictatorship and mass murder

1 minute ago, Yagoda said:

without the dictatorship and mass murder

So you're all for socialism, but would like it to be humane and emphatic.

Got it!

PS. Are we seeing a MAGA person come out of the closet here? Are you perhaps a social democrat in the making?

1 minute ago, BLMFem said:

So you're all for socialism, but would like it to be humane and emphatic.

Got it!

PS. Are we seeing a MAGA person come out of the closet here? Are you perhaps a social democrat in the making?

Since Social Democrats promote unsuccessful policies, why would anyone support them? The DSA is nothing but a party of failures.

7 minutes ago, Mr Awesome said:

You understand that states invest their pension funds in company stocks, which gives them an equity stake in these companies. Do you consider this socialism?

To a certain extent, yes.

2 minutes ago, BLMFem said:

To a certain extent, yes.

No, I don’t agree. You are misinterpreting Socialism to support your political agenda in this topic.