The administration is extracting public equity and revenue shares from flagship firms (Intel, Nvidia, AMD) and taking stakes in strategic resource companies (MP Materials). This blends nationalist industrial strategy with partial public ownership—policies traditionally labeled 'left'—to fund domestic capacity and possibly a sovereign wealth fund. It places the U.S. alongside France, Germany, and China in openly state‑managed capitalism.
— It upends conventional ideological maps and forces a re-evaluation of industrial policy, corporate governance, and how the U.S. funds national tech capacity.
Indigo Olivier
2025.10.14
86% relevant
The article cites Trump’s 10% equity stake in Intel and Commerce Secretary Howard Lutnick’s suggestion that defense contractors could be next, then extends this logic to argue for majority public ownership of the Big Five—directly aligning with the thesis that the administration is blending industrial policy with partial state ownership.
Tyler Cowen
2025.10.10
90% relevant
The post lists concrete stakes (15% in MP Materials; new 5% lithium ventures) and a broader plan to cut sectoral deals and expand the DFC, matching the thesis that the administration is blending nationalist industrial policy with partial public ownership across strategic firms.
BeauHD
2025.10.02
86% relevant
The story ties AMD’s talks to build at Intel with the U.S. government’s new 9.9% ownership of Intel and a White House push for 50% domestic chip production, illustrating how state equity and policy can realign market rivals around a government‑favored manufacturer.
msmash
2025.09.18
72% relevant
The article notes the U.S. taking a 10% equity stake in Intel, aligning with the idea that the administration is using public equity and state leverage in strategic firms; Nvidia’s $5B investment into Intel underscores a broader reordering of ownership and cooperation in the AI hardware base.
2025.09.08
90% relevant
The lead item criticizes the administration’s purchase of a 10% stake in Intel as a move away from free markets, directly reflecting the trend of partial public ownership in strategic firms that blends nationalism with state equity.
Daniel Di Martino
2025.09.05
90% relevant
The article critiques the Trump administration’s plan to take a 10% stake in Intel—explicitly the kind of partial public ownership described in the idea—arguing it sets a precedent for a nationalist, state‑managed capitalism that will reshape industry incentives.
Nathan Gardels
2025.09.04
100% relevant
Trump’s 10% government stake in Intel for CHIPS funds and a proposed 15% take on Nvidia/AMD China revenues, plus a Pentagon stake in MP Materials.