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dfxm12 parent
It is clear that the government and wall street are generally of one mind on this. One recent specific way the government contributed to this is via the Tax Cuts and Jobs Act (TCJA) of 2017, which increased tax burden of R&D. They've also cut a lot of their own research funding (NIH, NSF).

I can't make the argument that the government is "hands off, small government" because I simply don't see the evidence of that. To the contrary, I have seen things like TARP, stimulus checks, oh, and the government buying 10% of Intel.

hobs
The only people arguing against big government are republicans when democrats are in power, otherwise everyone is happy to expand spending.
lovich
Taking 10% of Intel. Intel was already supposed to get this money and then retroactively were told to give up 10% for it
pests
FWIW, in exchange for less restrictions on what they do with the money and less strict clawback terms.
lovich
I don’t believe that, I believe it was in exchange for not pressuring the CEO to step down any further.

This looks like an incredibly corrupt action.

macintux
Now that we have lawmakers openly declaring they would pick capitalism over democracy if forced to choose, I have little hope that the government will be receptive to changing anything structural.

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