The Gov't takes over

It’s an interesting time in our world right now as the President is looking to expand the Federal government’s power.

He’s brought in the National Guard to help control crime in Washington D.C. He’s been vocal about trying to control the Federal Reserve. The U.S. has now acquired 10% of Intel and there’s rumors that the administration is considering taking more stakes in companies.

For years, we blasted the “socialist” countries for taking stakes in their companies like the Europeans with Airbus and China controlling most of their companies. Now we’ve decided to do the same.

I’m not sure how to feel about it. On one hand - it gave these companies unfair advantages with the backing of the government. On the other hand - it feels un-American in many ways and allows the government to get involved with these companies. While the gov’t is always going to be involved through regulation, seeing them acquire a direct stake in the company is a much different animal.

It’s an interesting time right now and will likely create precedent for the government’s future control and policies.