August 26, 2025 ☼ --washingtonpost ☼ socialism ☼ trump
Source: www.washingtonpost.com (Link)
Trump administration officials are looking into whether the federal government could take a stake in private defense companies like Lockheed Martin, days after President Donald Trump announced such a deal with chipmaker Intel, Commerce Secretary Howard Lutnick said Tuesday.
In an interview on CNBC’s “Squawk Box,” host Andrew Ross Sorkin asked Lutnick about the U.S. government potentially becoming the largest shareholder of Intel, a private tech company, and pressed him on where the Trump administration would draw the line.
“Why shouldn’t the U.S. government say, you know what? We use Palantir services, we would like a piece of Palantir. We use Boeing services, we would like a piece of Boeing,” Sorkin asked, citing the private data mining and aerospace companies.
Nationalizing critical industries smells like socialism to me.