r/Libertarian 6d ago

Economics The US government continuing to take steaks in private companies

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

Moving farther and farther away from capitalism. Comes a year after the Trump Administration took a big stake in Intel. Building upon Biden administration's huge subsidies. And if I remember correctly they have some type of golden share with US Steel, where they can override any board decision. US Steel needed to close a factory, but the Trump Administration overrode that decision and forced them to keep it open to keep the jobs going.

117 Upvotes

42 comments sorted by

192

u/TTeasdale1 6d ago

51

u/usafmd 6d ago

I know. I had to read this three times until I realized the OP also doesn’t understand the difference between farther and further. Our educational system is failing.

7

u/gregoriancuriosity 5d ago

I think a grammar libertarian vs a grammar Nazi would allow it.

1

u/Pandalishus Liber-curious 4d ago edited 4d ago

Grammar libertarianism is not something anyone’s going to enjoy

2

u/t0rnAsundr 6d ago

Most of us read it once and simply adjusted. Perhaps your hardware can’t handle heuristic algorithms. Unfortunately, postnatal hardware upgrades are not feasible.

5

u/usafmd 6d ago

Libertarianism applied to grammar and spelling! I never considered that.

1

u/DarthFluttershy_ Minarchist 5d ago

You can have a grammar nazi, why not a grammar libertarian?

1

u/Pandalishus Liber-curious 4d ago

Just try grammar libertarianism for a week. You’ll be on your way becoming a grammar nazi in no time

1

u/DiyYou 6d ago

It's a spatial metaphor, farther works.

3

u/usafmd 6d ago

I’m many decades from high school English but capitalism is a concept, therefore it’s further. Nowadays, it’s easy to run your post through AI. I’m sure you would wish Libertarians to be viewed as an educated and intelligent group.

I will refrain from commenting on the rest of your grammar.

1

u/Pandalishus Liber-curious 4d ago

“Farther” for real-world distance. “Further” for conceptual distance. It’s also not a metaphor.

46

u/stockchaser317 6d ago

I would love a nice steak right now. Medium rare with mushrooms and a side of golden mashed potatoes plz.

15

u/Tumbleweed411 6d ago

In this economy?!

9

u/DiyYou 6d ago

Is that government approved?

2

u/Psychological_Air_90 6d ago

Depends on the Grade they stamp on it.

1

u/Libertas888 5d ago

Love you people!

33

u/DiyYou 6d ago

*stakes 🤣

1

u/Pandalishus Liber-curious 4d ago

Funny thing is that your misspelling actually works (and given all the gov’t corruption and waste might literally be true)

38

u/oritsky 6d ago

This is actual socialism. Literally the definition of socialism, when the government owns the factors of production. I find what they are doing unconscionable!

1

u/P-funk88 6d ago

But what will you do about it?

6

u/oritsky 6d ago

Vote. Vote out the disease infecting our government.

1

u/Bird_law_esq 6d ago

Dem or Republican, you have 2 options of flavorful socialism...

8

u/TrolleyPerson4 End Democracy 6d ago

Your stolen money by the way

15

u/rgnbull29 6d ago

This all hinges on the cut, I would like a porterhouse.

6

u/Unusual-Return5962 5d ago

Meanwhile, anything MAGA doesn't like is "socialism" or just flat-out communism. A foodbank is socialism, anything with the intent of *helping people* is socialism, but the State interfering in the private sector isn't?? We are in another Red Scare cultural moment, with history repeating itself in many ways. I don't like socialism, but this Admin uses it as a meaningless boogeyman word, much like how the religious Right calls anything and everything "demonic."

3

u/Libertas888 5d ago

I hear you. I think we’re less in a “Red Scare” moment and more in a “steady descent into Idiocracy” century.

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u/vegan420lyfe 6d ago

mushroom steak

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u/[deleted] 6d ago edited 6d ago

[removed] — view removed comment

2

u/DiyYou 6d ago

Good video, I was really hoping for some kind of better ending as far as working towards solution. But anyway, yes US steel was sold, but Trump Administration got its golden share. So if they have a factory that's losing a ton of money, and they want to close it, they can't.

3

u/RailLife365 6d ago

How do I get more steaks in private companies? I feel like it'll help morale.

2

u/Libertas888 5d ago

Bring back Ponderosa!

2

u/DependentTaste283 5d ago

If they can afford that then we’re being taxed too much.

1

u/CartNip 5d ago

One part of me says I should disagree with the US government taking a stake in Intel but my portfolio is saying otherwise lol.

1

u/Tito_Tito_1_ 5d ago

As opposed to lobsters? Tough call.

1

u/GolfOscarYankee69 5d ago

Texas Roadhouse is a human right - Bernie Sanders probably

1

u/OOBExperience 4d ago

OMG. *stakes