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.
U.S. government takes 10% stake in Intel
251–260 of 765 posts
Re: U.S. government takes 10% stake in Intel
#252Ironic, 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.
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
#253Ironic, 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...
Re: U.S. government takes 10% stake in Intel
#254Ironic, 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.
Re: U.S. government takes 10% stake in Intel
#255Re: U.S. government takes 10% stake in Intel
#256Ironic, 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...
Re: U.S. government takes 10% stake in Intel
#257Ironic, 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.
(Also, pet peeve: "it's lead" should be "it's led".)
Re: U.S. government takes 10% stake in Intel
#258Earlier 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
Re: U.S. government takes 10% stake in Intel
#259Earlier 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
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.