• brucethemoose@lemmy.world
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    13 hours ago

    This is a good thing.

    It more closely mirrors TSMC and Samsung Foundries.

    I know Lemmy largely won’t believe it, but not every molecule of air MAGA breathes is bad. In fact, this feels like a sharp reaction to stubborn neoliberal orthodoxy, hence folks like Bernie are nodding along. I mean, I tend to be more of a deficit hawk, but this is a worthy investment (with the right conditions and stipulations for Intel to not shutter long term projects for short term profit).

    • HubertManne@piefed.social
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      12 hours ago

      yeah its the broken clock thing. Still the piece I heard it from said it had not been done since ww2 but I swear in the car bailout we got some sort of equity we eventually sold. Later after sails it made a profit (not taking into account infaltion that I know of)

      • brucethemoose@lemmy.world
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        7 hours ago

        That last part isn’t unprecedented. The US’s Strategic Petroleum Reserve (for instance) made a lot of money buying low and selling high, which is just a happy coincidence of trying to stabilize the supply/prices.

        • HubertManne@piefed.social
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          7 hours ago

          yeah that is what I was getting at because the thing I read mentioned not doing anything like it since world war 2 and seems like we have.

          • brucethemoose@lemmy.world
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            7 hours ago

            Ah right.

            Taking direct equity hasn’t been orthodoxy for sure, but like you said, that part is likely technically wrong.