This is like having 50% ownership in Enron in 2001.
Not even 51% ownership, smh.
To be fair, Lenin proved that you don’t need majority ownership to control a company or industry. That’s how banks grew so quickly even with minority stakes. This still isn’t the best initiative, especially in a bourgeois state it isn’t an advancement towards socialism.
So… a 50% bailout for this bs?
100%, too big to fail became even bigger.
The US government should also own 69% of Gamestop stocks.
This is the most roundabout way for the government to have a say in AI company shareholder decisions. Bernie could instead advocate for Chinese-style golden shares which give the government the ability to veto key corporate decisions while not threatening the existing profit and share distribution.
I think the Chinese model of layered state ownership is the best applicable model for the US to build from. Having every Wal-Mart for example, owned by the national federal government, would be less impactful on working people then if every local community, city, county, and state, held sway over relavent fields of interest which collectively builds up to a majority share. Not to mention the workers of the enterprise and local minority groups in the area effected by a store’s decisions.
I don’t know that he’s aware of this model.
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