‘Socialism’: Joe slams Commerce Department over equity stakes

The Hill reports the Department of Commerce will take minority equity stakes in seven companies that are developing semiconductor technology for artificial intelligence and advanced computing systems. In exchange for over $870 million in federal incentives, the department will take minority equity stakes in the private companies. Joe slams the move, calling it “pre-Thatcher style socialism,” and calls out Republicans who warn of socialism on the American left. MS NOW: My Source for News, Opinion, and the Wo ...