GOP senator: US stake in Intel would be ‘step toward socialism’

Aug 21, 2025 - 05:00
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GOP senator: US stake in Intel would be ‘step toward socialism’
Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward socialism.” “If socialism is government owning the means of production, wouldn’t the government owning part of Intel be a step toward socialism?” Paul said on Wednesday in…