Trump orders creation of US sovereign wealth fund, says it could buy TikTok | Hacker News Reader

Trump orders creation of US sovereign wealth fund, says it could buy TikTok

reuters.com

32 pointsspeckx15 comments

This does not seem to be in line with free market or liberatarian principles to me.

Sounds straight out of the Keynesian playbook to me

> straight out of the Keynesian playbook

Did Keynes advocate for sovereign wealth funds? All I can recall is he said international funds flows are inherently political.

My comment had some degree of cheek, but in all seriousness, one of the hallmarks of Keynesian economic policy is state investment in infrastructure. The current administration is treating TikTok (and really social media in general) very much like some piece of critical infrastructure.

What gave you the impression that Trump was libertarian/pro free market? As far as I know, he's always been a fan of protectionism.

A state-owned social media for the US? And is the idea to buy or to expropriate?

DODGE will manage it....Every US citizen will become a Musk employee...

He's going to nationalize a foreign social media company? Can we do United Healthcare next?

List of sovereign wealth funds by country:

https://en.wikipedia.org/wiki/List_of_sovereign_wealth_funds...

I dare any one of you to say he's not a socialist liberal president now.

> dare any one of you to say he's not a socialist liberal president

Trump blends nationalism, socialism and authoritarian oligarchism according to a familiar playbook for exploiting an internationally-aggrieved class reeling from the effects of inflation (American blue-collar workers).

He’s definitely not liberal by any sense of the word.

Hmm National Socialism, you say? That sounds awfully familiar...

Not very "liberal", at least not in the classical sense.

I mean, certainly not _liberal_, by _any_ of the major definitions (the word has shifted meaning a few times over the last few centuries, but Mr Tariffs and Internment Camps would tend to fail on any of them; he's neither a social nor a classical liberal, nor the less-well-defined French Revolution variety.)

Nationalizing news agancies (and social media) fits squarely in the fascist playbook.

If you think this would make TikTok fair then think again. It will be yet another avenue for brainwashing.

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