The term “socialism” is seeing a rebirth…the Right is seeing that old bogey man from the past in everything…..
I guess it is not so bad until used by a conserv to lie about an opponent.
But first one of the tenets of socialism or so dipsticks would want you to believe is the nationalization of companies and put all under government control…..and yet a Trumpite thinks it is a good idea.
And Trump has been throwing around the “S” word liberally (no pun intended) in the past couple of months….after all there is an election coming and he needs a good bullshit story to spread…..
But his AG Barr and good friend and butt boy of Trump has suggested that the US take control of some foreign businesses…..
Barr suggests US govt take control of major foreign telecoms
In comments that appear far-afield of his normal law enforcement duties, Attorney General Bill Barr suggested in a speech on the “threat” of China that the US government should buy out control of Nokia Corporation and Telefonaktieboladget LM Ericsson (generally referred to as Ericsson) and use them to fight against China’s Huawei Technologies.
The Trump Administration has long viewed Huawei with hostility, and has been making the rounds internationally, threatening and cajoling other nations not to do business with Huawei on 5G infrastructure.
The problem is, Huawei is broadly the market leader in telecommunication infrastructure, and the preferred option for many in 5G transitions. US objections are generally not to Huawei’s competence, but rather to them being Chinese, leading the administration to claim they’re a spying risk.
Barr suggests that Nokia and Ericsson could compete better with Huawei if they had the financial might of the Federal government behind them. But they’d need to be American companies to do that, and Barr says they should be either outright state-controlled by the US, or held through a consortium of private US corporations that would make them quasi-state-controlled.
It’s not clear how this could be achieved. Nokia is a $23.8 billion corporation, and Ericsson is another $27.3 billion. As they are Finnish and Swedish, respectively, there is no obvious mechanism by which the United States could nationalize other nations’ major telecommunications companies
Seriously? Does anyone else see how moronic this idea really is?
Once again this show just how ignorant the toads are that work for this person in the White House truly are…..
Nationalization of foreign companies is one of the first steps to socialism…Iran in the 1950s, Fruit in Guatemala in the 1950s, Chile in the 1970s for examples….
Maybe some idiot in the White House should take this dolt aside and explain this move to him.
I thought he, Barr, was an idiot and nothing but a yes man for Trump from the beginning of his lame ass mouth began talking…..now I know….
He is another mental midget in the seat of power.
I Read, I Write, You Know
“lego ergo scribo”