Intel is one of Israel’s largest private sector employers, about 10k people, which is a third as large a workforce as the largest employer, a bank. They cut 3000 employees there in the last several years as a result of their issues…
It’s beyond that. This is what Fascism does. It is the welding of state power for the benefit of the capitalist class. This will not end with Intel.
People confuse this aspect of Fascism a lot for a simple reason. They think that “socialism is when the government owns stuff”. Which is not really true.
Socialism first requires a revolution to overcome the capitalist class rule. That has not occurred. The power of the state is still entirely in the hands of the wealthy. They are welding it’s power for their benefits while they layoff working class people and force them into taking jobs at ICE to pay rent.
This isn’t just a “favor for a friend” to sell off stock later in a pump and dump. This is Fascism ensuring by force that capitalist profits and interest are maintained.
Intel will not be the last example of this. The state is essentially doing a wealth transfer from the tax payer to the capital owners. This will continue.
I wonder how many people are going to sell their shares because of this.
At the moment, not many:
The government bailing out a dying company is probably going to float the price, at least for awhile.
The market is complete bullshit at this point, but buying 10% of a company is going to push the price up for a while. The math is so basic.
Yup. It does make me wonder if Trump is maybe doing a favor for some investor buddy, raising the price so they can exit at a higher value.
Intel is one of Israel’s largest private sector employers, about 10k people, which is a third as large a workforce as the largest employer, a bank. They cut 3000 employees there in the last several years as a result of their issues…
It’s beyond that. This is what Fascism does. It is the welding of state power for the benefit of the capitalist class. This will not end with Intel.
People confuse this aspect of Fascism a lot for a simple reason. They think that “socialism is when the government owns stuff”. Which is not really true.
Socialism first requires a revolution to overcome the capitalist class rule. That has not occurred. The power of the state is still entirely in the hands of the wealthy. They are welding it’s power for their benefits while they layoff working class people and force them into taking jobs at ICE to pay rent.
This isn’t just a “favor for a friend” to sell off stock later in a pump and dump. This is Fascism ensuring by force that capitalist profits and interest are maintained.
Intel will not be the last example of this. The state is essentially doing a wealth transfer from the tax payer to the capital owners. This will continue.