Lee Harris on Twitter
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After Congress passed $52 billion CHIPS subsidy:-Micron, which had said it would invest $40b in the U.S. this decade, announced it will cut capital spending-Intel cut its capital spending plans by $4b, but predicts a “growing dividend” for shareholdershttps://t.co/qwXzRx3lG3— Lee Harris (@leee_harris) August 17, 2022

After Congress passed $52 billion CHIPS subsidy:

-Micron, which had said it would invest $40b in the U.S. this decade, announced it will cut capital spending

-Intel cut its capital spending plans by $4b, but predicts a “growing dividend” for shareholders

    • sooper_dooper_roofer [none/use name]
      ·
      2 years ago

      Honestly I kinda prefer capitalism at this point

      Because I honestly cannot see a socialist movement ever happening in the US that doesn't eventually boil down to or get hijacked by some variant of "national socialism"

      And it wouldn't suffer the same consequences as Germany because the US still basically owns the largest military, nukes, 10x the amount of land, etc. As long as it didn't become stupid enough to start invading Mexico or China (which I guess is doubtful)

      at least with capitalism it will obliterate itself eventually