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Intel faces investor backlash for selling 10% stake to Trump admin at discount (arstechnica.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 2 points 1 year ago (8 children)

Plenty of capitalist companies are government owned. Canada has crown corporations, for example, that do generate profits. https://en.wikipedia.org/wiki/List_of_government-owned_companies

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  • [–] 1 point 1 year ago (7 children)

    Are you in favor of this?

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  • [–] 3 points 1 year ago (6 children)

    In favour of what

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  • [–] 2 points 1 year ago (5 children)

    The government holding ownership stakes in companies. If so, have you been in favor for a long time or did it start this week? Because I'm focusing on the people that just recently adopted this position after years of opposition to anything that even smelled like government interfering with business.

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  • [–] 1 point 1 year ago (4 children)

    I never took a stance on it.

    Examples of federal Crown corporations include: the Canadian Broadcasting Corporation Canada Post

    These are fine, fairly high quality in terms of service. And I guess in general these two having revenue streams and self funding mean that I don't pay taxes to run a national broadcaster and our postal service.

    I would rather not have junk mail or advertisements in our public broadcasts. I would have to look at numbers to say whether the taxes are a worthwhile trade-off.

    I do not want news or mail to only have corporate owned options, because then capitalist interests would have a much heavier influence on communications is Canada. I wish we had a national crown ISP, for the same reason.

    In Canada, state-owned corporations are referred to as Crown corporations, indicating that an organization is established by law, owned by the sovereign (either in right of Canada or a province), and overseen by parliament and cabinet.

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  • [–] 1 point 1 year ago (3 children)

    Then you aren't my target audience. Canadians are very different from USA Republicans who have a long and loud history on this topic and then flipped in one day to say it's okay to have a little communism as a treat.

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  • [–] 1 point 1 year ago (2 children)

    Well yeah sure, it's just a little histrionic to call all government owned businesses communism. They aren't enforcing a monopoly on chip fab or anything.

    Trump tries to ban AMD then sure, it's communism and would be super weird.

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  • [–] 1 point 1 year ago (1 child)

    I really feel like we are talking past each other. I'm talking about people who wanted to privatize the Social Security system and sell off the USPS because they believed any amount of government in any service was dangerous. I'm not being histrionic, I'm asking the people who have spent decades being histrionic to explain why they are suddenly very chill with something that was, until a week ago, a firmly held religious belief.

    Don't mistake my position for that of the people I'm trying to reach.

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