In yet another episode of “you can’t make this stuff up,” self proclaimed anarcho capitalist Donald Trump just made a “deal“ with Intel in which he unilaterally handed them $11 billion in taxpayer funds for the United States government to be a non-voting shareholder of Intel. Some are calling it socialism, nationalism, or state controlled capitalism, although people who live in the fog of political delusion and Maga psychosis are calling it “winning!”
I am a technologist with deep knowledge and understanding of the industry, the power players, and the future, and I can tell you with confidence that Intel is not a winning horse anymore. They have been unable to remain relevant in the new technology wave, they’ve been steadily falling behind and shrinking, and their stock has lost 49% value over the last five years. Anyone who calls that “winning” is living in an alternative universe.
In order to reclaim their former glory, Intel would need a complete leadership and vision overhaul. They would also need to completely realign their products with the actual needs of the technology industry at a price point that made sense. Good luck with that one. The infusion of cash from the government buys them more time, but it doesn’t buy them a new company. If anything, it merely delays their collapse.
And yes, no matter how you spin it, it’s massive free market interference on the part of Trump, just like his tariffs. It’s big government, big bureaucracy, big brother stuff. Trump claims to be a libertarian, but he is really a statist bureaucrat just like the rest of them.
And yes, I recognize the government bails out companies all the time, but that doesn’t mean it’s the right thing to do. Libertarian leaning economists would argue the government should stop meddling in the market and rather allow failing companies to collapse. They espouse an “adapt or die” philosophy that is aligned with the way of true capitalism, choosing the way of the free market over big brother nanny state and corporate welfare. I side with the Libertarian economists. I personally am sick of corporate bailouts with my tax money.
Silly me, I thought Trump supporters were sick of it also. But nope. They’re giddy. They think it’s a wonderful “bet“ on the part of Trump. When a NY mayoral candidate says he’s going to have city owned grocery stores. they cry foul. But when their president says he’s going to have federally owned tech corporations, they think it’s wonderful. They are stunningly oblivious to their own hypocrisy and insanity.
Actually, I wish I was making this stuff up. I wish it was all just the stuff of a prolonged nightmare that we could wake up from.









