Forbes: Trump Says Intel Will Give 10% Stake To U.S., Becoming Third-Largest Shareholder
Chairman Trump announces state run companies and this is just the first of many.
This is fascism by definition!
“Fascism is a far-right, authoritarian ultranationalist political ideology and movement characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and the economy. It centers on the idea of national rebirth and a strong leader who embodies the national will, often combined with militarism and anti-democratic principles.”
Nationalism: Intense pride and devotion to one’s nation, often to the exclusion or subordination of other loyalties.
Authoritarianism: A centralized, dictatorial government with absolute power.
Totalitarianism: State control over all aspects of public and private life.
Militarism: A strong emphasis on military power and aggressive foreign policy.
Cult of Personality: The glorification of a single leader who is seen as the nation’s embodiment.
Suppression of Opposition: The systematic elimination of political dissent and opposition parties.
Anti-Democracy: Opposition to liberal democracy, parliamentary systems, and individual freedoms.
Myth of National Rebirth: The central ideology revolves around a vision of national renewal and overcoming perceived decay.
Fascism is not a free-market system; it relies on heavy state intervention and planning.
Private ownership, public control: While the means of production remain nominally in private hands, the state dictates what to produce, in what quantities, and at what cost.
Government-business partnerships: Large corporations often work closely with the government, receiving favorable contracts and subsidies in exchange for supporting the regime’s political and military objectives. (Musk and his $40B subsidies?)