this post was submitted on 07 Jun 2025
895 points (91.3% liked)
Technology
70996 readers
3575 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Has US nationalized anything this millenia? I really don't see that ever happening
Tax burdens for billionaires
Also losses. Gotta get that sweet, sweet too-big-to-fail bailout money.
Airport security was nationalized as the TSA. Aside from that no.
So it takes a spectacular failure of capitalist grifters? Check.
Technically the auto industry in 2008.
I mean if we count bailouts as nationalization, then now we've got like some kinda national "socialism" where state and corporate power have fused.
The GM situation was a more than a bailout, they took complete control of the company, took it private, liquidated some assets, then sold it off in a new IPO.
It's not all that different from a private equity firm doing the same thing, the major difference is the legal protections the US had (e.g. it got priority over all other creditors). If the US wanted to keep it and run it, it could've.
Technically no. Bailout =/= nationalization.
It was more than something like a loan, the federal government actually a fair amount of control over the company. It ended up divesting itself once the new, restructured company made its IPO, but during the bailout, the US gov was technically in control, and it got priority over all other interests since the company went private with special financing.
It's certainly different than other nationalized industries, but it was also much more than a regular bailout.