Thu
Jul 30 2026
04:42 pm
U.S. Commerce Dept. Going Socialist?
By: bizgrrl

The Department of Commerce quietly announced this week it will designate more than $870 million in federal incentives for semiconductor manufacturing in exchange for a minority equity stake in seven companies.

Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership.

Wellll...

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yellowdog's picture

Anybody want TVA to become capitalist owned?

Submitted by yellowdog on Fri, 2026/07/31 - 10:32am.

I doubt it. They might stop yammering about the "communists" taking over.

Tamara Shepherd's picture

*

Submitted by Tamara Shepherd on Thu, 2026/08/06 - 1:29pm.

Not sure this constitutes "socialism" at all:

“The Department will receive a minority, non-controlling equity stake in each company as a condition for receiving the funds to enhance the return for the U.S. taxpayer,” NIST wrote.

Really, it looks like the *opposite* of socialism, given that the transaction is using taxpayer dollars to bolster the equity of select privately-owned enterprises, even as using the monies that way fails to secure for government any majority interest that might afford government's actual *control* of the enterprises?!

I can back my Buick through a blindspot that big.

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