Agreed. As another commenter pointed out, this is state socialism. But sometimes state socialism works. The other option is to let MBAs run Intel even further into the ground.

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peteey 2 days ago | parent | next [-]

>The other option is to let MBAs run Intel even further into the ground

or worse, the government runs Intel into the ground while constantly taking more taxes to prop it back up.

Incompetent private companies eventually dissolve. Uncle Sam can siphon your paycheck in perpetuity.

	▲	bigyabai 2 days ago \| parent \| next [-]
		Bingo - the solution to this is already programmed into the free market. Intel's failure can't be turned back around, especially not 10 years after the first cracks started showing. It's not inherently wrong to want to prop up American chipmaking, but it is wrong to deny reality. No matter how much American scrip you put on the table, Intel's mistakes can't be undone faster than China can beat them.
	▲	ToDougie 2 days ago \| parent \| prev [-]
		I agree with you. I shouldn't have framed this as a false dilemma, and I didn't put a whole lot of thought into my comment.

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j_w 2 days ago | parent | prev | next [-]

This would not be state socialism it would be state capitalism. The capital market still exists, the state is just an owner in this case. Presumably the US Government would be just like any other capital owner in this situation.

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lotsofpulp 2 days ago | parent | prev [-]

Does the government not hire people with MBAs?

	▲	esseph 2 days ago \| parent [-]
		The government doesn't pay the same in cash comp as other places people could go in the private sector. You'll get some people that are amazing and committed, but the rest are just kinda happy to be there. I wish govt comp was better and more competitive.