> state socialism. US government owns 10% of Intel.
State socialism usually involves the government owning or controlling the means of production, running companies to serve social goals rather than primarily for profit.
The government bought about 10% of Intel stock, mainly through a structured deal using existing funding commitments.
These shares are non-voting (or at least carry no special governance rights), meaning the government does not control Intel’s daily operations.
Intel remains a publicly traded, privately managed company operating for profit.
Owning 10% of Intel is not state socialism. It’s a government investment in a private company, primarily for strategic and economic reasons, without controlling the company.
State socialism usually involves the government owning or controlling the means of production, running companies to serve social goals rather than primarily for profit.
The government bought about 10% of Intel stock, mainly through a structured deal using existing funding commitments.
These shares are non-voting (or at least carry no special governance rights), meaning the government does not control Intel’s daily operations.
Intel remains a publicly traded, privately managed company operating for profit.
Owning 10% of Intel is not state socialism. It’s a government investment in a private company, primarily for strategic and economic reasons, without controlling the company.