Is Intel About to Become the Communal People’s Chipmaker?

Today was another one of those days where one looks at the Trump administration and wonder to themselves the following:

Did the “R” for the party after his name stand from ‘Republican’ or Ridiculous?

The story of the day was an another artificial pumping up of a company that has been severely mismanaged since the .com days with only a brief burst during the post-pandemic speculative CHIPS act inflationary bubble.

Don’t believe me?

Intel is trading at 2001 to 2003 non-inflation adjusted levels:

Another example of crony state controlled capitalism was introduced via another proposed unconstitutional action proposed by the Trump administration.

From CNBC:

Intel stock climbs 7% on report Trump administration is considering stake in chipmaker

Really? We’re going back to the 1920’s and 1930’s model of capitalism all over again?

For my readers who get annoyed by history, there is precedence for this outside of wartime, just not by an American President who dreams up ideas to pick winners and losers in business and US society. Unfortunately the biggest and best examples come from a very dark era in history, and no you leftist losers, I am not comparing Donald Trump to be anything like Adolf Hitler.

But the government interference in companies and illegal actions of using the government to infer or actually buy shares in major US corporations does have an ominous parallel.

From the Volkswagen Group website:

The stated purpose of the company is the “planning and technical development of the German People’s Car”. The share capital amounts to 480,000 Reichsmarks, with the capital contributions from “Treuhandgesellschaft für wirtschaftliche Unternehmungen mbH” (Trust corporation for economic enterprises; TWU) totalling 100,000 Reichsmarks and from “Vermögensverwaltung der Deutschen Arbeitsfront mbH” (DAF asset management corporation; VV) totalling 380,000 Reichsmarks.

So if we fast forward to this era, because of the leftist legislature in America wanting to pick winners and losers in capitalism via the Biden era CHIPS Act which will not really produce any measurable results until 2027 at the earliest, America now wants to establish a Volkswagenwerk principle for those industries the Executive Branch deems necessary?

Why not nationalize horse farms to haul the artillery to the front for the US Army during the next war then?

If one is to adhere to capitalist principles, new companies would emerge to replace failing companies like Intel and ensure that our nation would have a strategic supply of advanced chips. This is simply investing in and promoting mismanagement and stifling competition as what fool would want to get on the wrong side of the administration by failing to offer Roman Imperial tribute like AMD and Nvidia did?

What the Trump administration is promoting is stagnation. Stagnation is the ultimate enemy of capitalism and leads to capital fleeing for greener pastures where it is not over-regulated or where political whims determines which companies will be permitted to innovate and succeed.

I just wonder if the US government is going to start “investing” in US aircraft manufacturers because of their ineptness and mismanagement next.

Sort of like another party in history once did in a similar manner with Heinkel and Messerschmitt.