Remix.run Logo
shimman 4 hours ago

Don't worry, this is the type of project that can easily get nationalized with zero pushback if anyone with authority wanted to.

vardump 3 hours ago | parent | next [-]

That might have pretty negative long time consequences. Nationalize a few companies and soon the corporates might relocate.

ahmeneeroe-v2 4 hours ago | parent | prev [-]

yes but only by a US authority.

shimman 4 hours ago | parent [-]

Yes and the seeds have already been planted by the current US administration taking various financial stakes in public companies as a condition of corporate welfare.

ahmeneeroe-v2 3 hours ago | parent | next [-]

Huge difference between taking an equity stake in a failing company and nationalizing a successful company. Either way, those seeds were planted well before this admin, though this admin can be seen to have watered/tended them.

mattmaroon 4 hours ago | parent | prev [-]

The current administration didn’t start that, see the bailouts of the 07-08 financial crisis.

shimman 4 hours ago | parent | next [-]

Those were just repaying the loans, having a stake in a company is completely different. It's not hard to push that further and in more creative ways too.

mattmaroon 4 hours ago | parent [-]

That’s completely incorrect, they got significant equity in AIG, Citibank, and several other companies.

buellerbueller 4 hours ago | parent | prev [-]

I don't see this as a good analogy, because the financial crisis bailout appeared to save the companies from shuttering, which is not what happened under the current admin.

mattmaroon 4 hours ago | parent [-]

Some of it is. Intel was in big trouble.

Some of the investments were more national security related and a lot of it was done through the DoD which has a history of this too.

It’s unusual but not entirely unprecedented.