Hacker News new | ask | show | jobs
by legitster 151 days ago
The government is taking equity stakes in corporations. It's anti-trade and anti-business. It's picking winners and losers in the economy.

In a lot of ways we are tangibly shifting to a soviet style centrally planned economy, just without all of the welfare (which, to be fair, the actual soviet economies were bad at providing).

1 comments

It's not socialism, it's a kleptocracy. There's a pretty big difference.