So the thing that sounds like socialism is supported by a well known socialist? Tracks.
Market Socialism is a terrible idea. Republicans gave Obama a ton of shit for supporting zombie companies like Solyndra, which was just a FFB loan/DOE loan guarantee. Solyndra is like a 2/10 on the government intervention scale and this is a 7/10.
Government ownership of Intel is an absolute disaster. In the best case, you save Intel at the expense of other more efficient companies like AMD/NVIDIA. In the worst case, Intel goes under because it takes the government poisoned money and now supports non-economic outcomes the government as a major shareholder wants.
Look at Old Space vs New Space. Old Space is a jobs program to get government funds. Do you want to see Intel make terrible hiring decisions just to get the next round of government funds? Eventually we will own the entirety of Intel and be saddled with funding it and the associated government jobs in perpetuity.
