The stocks of rare earth companies soared Monday following news that the Trump administration had taken a 10% stake in Oklahoma mining and magnet company USA Rare Earth Inc. Such is the visible benefit enjoyed by the growing number of firms that count Uncle Sam as a shareholder. Yet recent events surrounding perhaps what is the most well-known state-picked champion, Intel Corp., exposed a major unseen cost of the federal government’s unprecedented intervention in private business: the distortion
www.bloomberg.com
#Intel #Exposes #Hidden #Cost #State #Capitalism
Intel Exposes the Hidden Cost of State Capitalism
