The US federal gov’t has an estimated $10 billion of equity and options in US companies ranging from Intel, Westinghouse and US Steel to startups like Vulcan Elements under our white nationalist POTUS, Yet nary a peep from the scaremongers of socialism. Makes one wonder.
Investing tax payer money in oligarch industries is not the same thing as socialism.
I hope that resppnse is tongue in cheek because gov’t owning part of the means of production ( equity in a firm) is socialism.
We see “chicken littling” over the socialistic threats that Kamala Harris and Mamdani posed while keeping silent during actual socialism is practiced.
The actual definition of socialism includes actual control over the means of production, not a passive equity share. I could buy a large amount of General Motors stock, but until I own a majority share, I have no say in the color of next year's Chevrolets.
The tongue in cheek element of this discussion is calling anything Trump has done any kind of socialism. The honest word is corruption. The American people will receive nothing in return for the money invested in private companies.