‘There’s a reason that the world, especially Western, relatively capitalist countries, have moved away from state ownership,’ Cato analyst Tad DeHaven said.
The agreement between the Trump administration and Intel Corporation that gave the federal government a 10 percent ownership stake in the company sparked a rally in its shares but drew fire from conservatives who say that the government should not be in the business of owning companies.
“The United States of America now owns 10% of Intel, one of our great American technology companies,” Commerce Secretary Howard Lutnick posted on X.
