Post AxZnutYJHKBvLyhIPY by Greengordon@spore.social
(DIR) More posts by Greengordon@spore.social
(DIR) Post #AxZeqdZ1sjZ51Kvdke by Nonilex@masto.ai
2025-08-26T21:29:18Z
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#Trump officials discussing ownership stakes in #private #defense firms, Lutnik says
The #commerce secretary said there is a “monstrous discussion” among administration officials about making deals similar to what Trump announced with #Intel this week.#law #FederalGovernment #Business https://www.washingtonpost.com/politics/2025/08/26/trump-lutnick-ownership-defense-companies/
(DIR) Post #AxZfEgew1dDNZQ9uSW by Nonilex@masto.ai
2025-08-26T21:33:33Z
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In an interview on CNBC’s “Squawk Box,” host Andrew Ross Sorkin asked Lutnick about the US #government potentially becoming the largest shareholder of #Intel, a #private tech company, & pressed him on where the #Trump admin would draw the line.
“Why shouldn’t the US government say, you know what? We use #Palantir services, we would like a piece of Palantir. We use #Boeing services, we would like a piece of Boeing,” Sorkin asked, citing the private data mining & aerospace companies.#Business
(DIR) Post #AxZfF6DB1SSYorN6no by nazokiyoubinbou@mastodon.social
2025-08-26T21:33:40Z
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@Nonilex Remember back when people on the right pretended that they were against "big government" rather than just about profiting corporations and rich people... (I mean we all knew that was what they really were doing, but at least they had the pretense.)
(DIR) Post #AxZfSqFn9MnLNh9EAK by Nonilex@masto.ai
2025-08-26T21:35:52Z
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Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants.
“I mean, #LockheedMartin makes 97% of their revenue from the #US #government. They are basically an arm of the US government,” Lutnick said, adding that #Defense Secretary #PeteHegseth & Deputy Defense Secretary Steve Feinberg, among others, were considering the #economics of such an arrangement.#law #FederalGovernment #Business
(DIR) Post #AxZg2Th8V8DVqBvkyO by axeln@norden.social
2025-08-26T21:42:35Z
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@Nonilex In case you are wondering where this is going, you should research „IG Farben“ or the origins of VW („Volkswagen“, literally „car of the people“).
(DIR) Post #AxZg6uNTEkt1kpqR04 by timo21@mastodon.sdf.org
2025-08-26T21:43:18Z
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@Nonilex The Trump era has thrown all the 20th century '-isms' out the window. Communism, socialism, capitalism, libertarianism, We have Trumpism in the USA, but it might be billionaire-ism world wide. Regardless, we need new '-isms' with less jargon for names anyway. Names a fourth grader can understand. Techism, billionair-ism, cryptoism? Regardless, how do we protect our human rights when the world is in a period of world rule by billionaire-ism.
(DIR) Post #AxZg9Zoo8DnGrOu61A by oldclumsy_nowmad@mastodon.social
2025-08-26T21:43:55Z
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@Nonilex And they sold all this to their base by promising "no more forever wars".Isn't life hilarious?
(DIR) Post #AxZhhXWRH8UDXS4RSC by huntingdon@mstdn.social
2025-08-26T22:01:13Z
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@Nonilex I don't think "monstrous," as in "monstrous discussion," means what Howard Lutnick thinks it means. Yes, one of its usages means large or enormous, but that's uncommon when referring to dialogue within govt. By far, the more prevalent usage means, grotesque, hideous, frightful, which would be a more accurate description of the USG taking - extorting? - equity stakes in arms manufacturers.But I can see why a guy who works for Trump can get by using only about 100 words.
(DIR) Post #AxZibc5NUloRuP9QVE by huntingdon@mstdn.social
2025-08-26T22:11:21Z
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@Nonilex Sure, Howard Lutnick, every company that uses suppliers wants to buy - extort - equity stakes in their supplier. That's the kind of conglomerate Henry Ford created, the kind of enterprise private equity spent decades destroying.
(DIR) Post #AxZmN6UOZbD5g0BoGm by rameshgupta@mastodon.social
2025-08-26T22:53:33Z
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⬆️ @Nonilex >> Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants.Trump's #rape culture must say the defense companies had this coming for them. In other words, they did it to themselves
(DIR) Post #AxZnutYJHKBvLyhIPY by Greengordon@spore.social
2025-08-26T23:10:50Z
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@Nonilex It's hilarious watching the US go actual state socialist or communist. Where are all those pansies with their guns now? Shouldn't they be defending against this government overreach? "Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants."#uspol
(DIR) Post #AxaSyC3D3ReziMqFoe by liamdv4@mastodon.ie
2025-08-27T06:50:50Z
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@Nonilex Sounds like the US government is trying to seize the means of production