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When government controls the means of production...

edited June 26 in Other Investing
is referred to as "Socialism". A textbook example to follow:

https://www.cnbc.com/2025/06/26/trump-golden-share-us-steel-nippon-merger.html

-U.S. Steel’s amended charter gives Trump sweeping powers over major business decisions while he is in office.
-The “golden share” will then be held by the Treasury and Commerce Departments after Trump’s term is over, according to a SEC filing.
-Trump will have veto power over some production and wage decisions.

Comments

  • Democratic Socialist here. What you describe sounds more like Soviet Communism. Five Year Plan, anyone? No? I thought not.
  • Yes, "command economy" sort of stuff. Not disparaging Democratic Social programs.

    Just amused by the hypocrisy of the folks who weaponize the word, don't understand its definition, and then embrace command economy policies without understanding the significance of that. It is not a free market economy, when the government has their thumb on the scale.
  • @DrVenture You said it!
  • When I do it, it is patriotism. When you do it, it is communism. Really, quite simple (or so I have concluded).
  • edited June 28
    Elections have consequences...for both parties.
    Remember DEI?

    Maybe Zohran Mamdani will show us how to run NYC.
  • edited June 28
    "Elections have consequences...for both parties."

    You're absolutely correct.
    Laws are broken; the constitution is not being upheld; idiotic tariff schemes are implemented;
    indiscriminate federal govt. cuts are made; the world order which served the U.S. well is upended;
    unqualified sycophants attain prominent cabinet positions; disinformation/propaganda reaches epic proportions.
    And this just scratches the surface—there's much, much more!

    FD1000,
    I'm sure you take great pride in your team's many "achievements."
  • DJT's destruction of the NIH NSF biomedical and Scientific research apparatus alone will classify him as the worst President in US History.

    $150 Billion to ICE to fracture families and communities and deport law abiding people

    NIH Budget cut 40% to $29 Billion. These are insane actions.

    The "DEI" portion of those cuts are less than $900 million

    Don't plan to survive your cancer in the future. Cancer research cut 35%.

    I personally know a US leading Melanoma researcher is moving to Canada. His grants were suspended 1/22, by DOGE fiat

  • edited June 29
    Crash said:

    @DrVenture You said it!

    This administration is rife with examples of socialist tendencies and attempts to hinder free markets. Trump wanted to "buy" a 5G cell phone manufacturer, when he discovered that the U.S. did not have one. Which would be government owned then.

    He DEMANDS that companies not raise prices in response to higher input costs, essentially using his bully-pulpit to attempt to set prices across corporate America < that one is huge! Government price controls through threats.

    He insists that U.S. oil companies produce more product to satisfy his demands for lower gas prices, even though that would hurt those companies investors and business model. They ignore him, of course, but the threat remains. This is more attempted price manipulation via threat.

    Tariffs on $3.4 trillion in imports are being used to control buying habits. They are being used to make buying higher priced alternatives more palatable, by removing the price advantages of certain imports. Even when, in most cases, alternatives either do not exist, or are still not attractive. More government market manipulation!

    Tariffs are also be utilized to force other countries to buy our products, again through threat and price manipulation.

    Universities are being bullied into changing the way they do business. Make no mistake, higher education in America is a business. To alter their admittance policies, course offerings and policies regarding free speech. Market/business (free market) manipulation again by government threat of financial consequences.

    Forcing law firms to provide free services, and hindering their application of free choice in choosing their clientele is another obvious example of free market interference.

    List any other "anti-free market" activities you may be aware of. They will no doubt keep coming.



  • sma3 said:

    DJT's destruction of the NIH NSF biomedical and Scientific research apparatus alone will classify him as the worst President in US History.

    $150 Billion to ICE to fracture families and communities and deport law abiding people

    NIH Budget cut 40% to $29 Billion. These are insane actions.

    The "DEI" portion of those cuts are less than $900 million

    Don't plan to survive your cancer in the future. Cancer research cut 35%.

    I personally know a US leading Melanoma researcher is moving to Canada. His grants were suspended 1/22, by DOGE fiat

    DEI is just another racist dog whistle. Blame the woman, the brown/black guy, the immigrant, or other minorities. You know who really hated the notion of DEI? The Master Race folks. Gypsy, Jew, gay, black, brown - round up the usual suspects! The same people that White Supremacy groups would like to do away with, even today, in America.

    For every incompetent DEI hire that anyone can identify, I will find an equal proportion of incompetent or lazy people with no special status at all. The whole game of trying to portray people as evil or criminal or lazy, so as to make discrimination palatable, has been around for ever.

    As far as American exceptionalism goes, it appears we want our competitors, adversaries and even our enemies, to lure or retain the best and brightest, who used to immigrate here. Those folks that we are now shunning or driving away, are the STEM geniuses and entrepreneurs and researchers and doctors who helped make us great. Cletus, with his opioid addiction is not going to be replacing them by some form of default.
  • Ya, people don't want to come here, even completely apart from any economic considerations. They're staying away in droves both due to what they see from the Orange regime as unethical, and out of concern for their own personal safety.
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