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Comment by nitwit005 | Hacker News Reader

Two decades back, if you told me someone wanted to dramatically raise tariffs, and have the government take a stake in Intel, I'd have assumed this was someone who labeled themselves a Socialist.

After all, the government taking ownership of industries matches common definitions of Socialism.

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In contrast, tariffs and the government taking stakes in private companies reminds me of fascist Italy under Mussolini: https://www.historyfromonestudenttoanother.com/a-level/a-lev...

> Charter of Labour, 1927

> He recognised private enterprises as the most efficient, gaining him support from rich industrialists.

> The charter also stated that the state could take control of, manage or encourage enterprises that were considered inefficient.

History didn’t begin in 1980. Tariffs and economic interventionism were founding planks of the Lincoln GOP: https://mises.org/mises-daily/awful-truth-about-republicans

Well, the "Lincoln GOP" was also generally in favor of tearing down and burning confederate flags, so I think it makes more sense to compare things over a shorter time-periods like "in living memory."

Parent poster's explicit "two decades back" scale is entirely reasonable for the phenomenon they are pointing out.

Lincoln was concerned about national unity foremost, and allowing the south to preserve its identity facilitated that after the war. It may have been the most successful reconciliation after a bitter civil war ever in history. Regardless, the economic forces shaping the nation have been shifting around but ever present since the founding. We were fighting about a central bank in 1789 and are still fighting about it today!

The Intel story is hilarious considering the whining about Huawei a few years ago.

American hypocrisy never fails.

One or two events do not change big system.

And US still needs to protect x86/MS as best NSA source :) There is even "intel" right in the name ! ;) Also business and best and cheap compute cpus. I guess they need a bit of help until some patents go off...

And do not forget foundry with "photonics" tech cooperating with military...

Lack of wild and dumb capitalism is not automatically socialism.

And belive me: socialism is the TRASH - replacing private ownership destroy value and sensibility of any action.

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