Live data from Hacker News

U.S. government takes 10% stake in Intel

cnbc.com

251–260 of 765 posts

Re: U.S. government takes 10% stake in Intel

#251

Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.

Kinda. But I think the current Chinese model is actually much closer to how the USA used to work when there was competition with the USSR. Closer than the US of today compared to the 70s and 80s.

The US never owned a brewer, an airline, the major defense giants, etc.

Re: U.S. government takes 10% stake in Intel

#252

Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.

That's very cute quip but I notice that it places the blame on 'trade with China' for an alarming problem that is in fact entirely the doing of US voters expressing their values (or the lack of them) in fair elections.

A more interesting question is whether that voterbase's idea of what they were voting for does or doesn't line up with what they got.

Re: U.S. government takes 10% stake in Intel

#253

Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.

Western governments have taken a stake in, nationalised, or owned / operated corporations for a very long time! Some examples: VOC, BBC, national airlines, etc. List across countries: https://en.wikipedia.org/wiki/List_of_government-owned_compa... US specific: https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...

[dead]

Re: U.S. government takes 10% stake in Intel

#254

Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.

It somewhat makes sense in terms of industries which are deemed strategically important. Intel needs to start thinking long term instead of short term profits.

if someone believes this, they should buy intel and just do it outright! But no one does because it's not as easy as "just think long term" - if it were, berkshire has the liquid money to buy intel several times over.

Re: U.S. government takes 10% stake in Intel

#256

Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.

Western governments have taken a stake in, nationalised, or owned / operated corporations for a very long time! Some examples: VOC, BBC, national airlines, etc. List across countries: https://en.wikipedia.org/wiki/List_of_government-owned_compa... US specific: https://en.wikipedia.org/wiki/State-owned_enterprises_of_the...

Calling VOC an offshoot of a western government with any modern relevance is a HUMONGOUS stretch

Re: U.S. government takes 10% stake in Intel

#257

Ironic, Western politicians thought opening up to trade with China would lead to it adopting a Western model of government. Instead it's lead to the USA adopting the Chinese one.

post hoc ergo propter hoc fallacy

(Also, pet peeve: "it's lead" should be "it's led".)

Re: U.S. government takes 10% stake in Intel

#258

Earlier quoted context omitted.

Yeah, this so weird coming from the US. The US government has a history of writing no-strings-attached blank cheques to people/companies just so avoid the stigma of government control in public companies. I wonder how the markets will react, will stocks go up because people will assume Intel's going to be a government mandated champion or will they go down because of the negative connotations government control bring…

Name one literal no-strings-attached blank cheque to a large company in the last 20 years

Perhaps not strictly “no-strings-attached” but many of the 2008 bailouts were functionally mechanisms to avoid nationalisation.

Re: U.S. government takes 10% stake in Intel

#259

Earlier quoted context omitted.

Yeah, this so weird coming from the US. The US government has a history of writing no-strings-attached blank cheques to people/companies just so avoid the stigma of government control in public companies. I wonder how the markets will react, will stocks go up because people will assume Intel's going to be a government mandated champion or will they go down because of the negative connotations government control bring…

Name one literal no-strings-attached blank cheque to a large company in the last 20 years

Lol the jail free bailouts of the banks in 2008? Goldman got billions from the bailout of AIG, management got millions and millions in bonuses....

Re: U.S. government takes 10% stake in Intel

#260

[Ex Post Facto Clause, US Constitution]( https://www.congress.gov/crs-product/IF11293 ). Oops, I thought it was so obviously going to be done away with in the courts, but in 1912 the Supreme Court ruled that it applies only to criminal punishments. They always getcha with the fine print.

The Supreme Court’s standing doctrine is also weird. If the board of directors approves it, then would the shareholders even be able to sue?
Post reply on HN