Is this socialism or state capitalism?
State capitalism. It would be socialism if ownership of Intel or other companies was divested to the public, or at least to their employees.
“ Congress flirting with adding another $116 trillion over the next 30 years if it doesn't reform entitlement programs”
Or raise taxes.
Weird how a totally reasonable site doesn’t mention the possibility of increased revenue in an article about a sovereign wealth fund.
Whatever, minor nitpick really.
> Imagine policy decisions about energy, tech, labor standards, and even foreign relations warped by the government's financial stake
We don’t have to imagine we are seeing that playing out now with the rampant corruption of the Trump regime.