Trump Investing US Funds in Intel Is Strategy, Not Socialism
When President Donald Trump announced that the US government would take a 10% stake in Intel Corp., critics called it unprecedented, even “socialist.” But history shows otherwise.
The federal government has often stepped in to own or support companies when it judged that the private market couldn’t, on its own, protect services or industries critical to the country. The Intel deal fits within that pattern.
Consider the US Postal Service. In many countries, postal systems have been privatized, including Britain’s Royal Mail, Germany’s Deutsche Post, and the Netherlands’ PostNL. The US, by contrast, deliberately kept the Postal Service public to ensure universal service, including to rural and unprofitable areas where private…
