this post was submitted on 07 Jun 2025
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No, they're fine remaining as private companies. If the government wants to better control over the companies then they can pass regulation and if they want total control then they can build their own alternatives. Nationalization of companies should never be used as a political weapon.
Nah fuck the shareholders, if they do something we depend on and pay for it with tax dollars then we should own them.
Yeah, we're not going to nationalize the entire economy because that's really stupid. Our tax dollars reach every nook and carny of the economy, but that's fine. Tax dollars are meant to be used in a way that makes the country operate safely, smoothly, and reliably. A lot of this is done by putting the money back into the economy in the form of subsidies, welfare, wages, and government contracts. It's fine for the government to pay a business to provide as long as the business is offering fair market prices and they're delivering an acceptable product or service. The tax money that goes into such a business doesn't just go to the shareholders, it also goes to everybody else as well.
That being said, shareholders can be scumbags, I'm with you there. If they are clearly conducting unethical behavior or illegal behavior then they should be immediately cut off. This includes things like delivering unacceptable products and services by cutting too many corners or committing fraud to take more tax money than they should or trying to scheme to monopolize and so on. These types of shareholders should've receive bailouts or awarded government contracts, they should be thrown in jail. But we shouldn't nationalize the economy because some shareholders are crooks.
Yes, that's why no one in this entire thread suggested anything even remotely close to this. it's stupid, and a stupid strawman.
Nationalizing spaceX temporarily in order to restore confidence in it's largest, most important customer, after that customer's trust has been repeatedly violated by the executive and the board that keeps him in power, is NOT NATIONALIZING THE ENTIRE ECONOMY nor would it be untoward if Boeing or Lockheed's CEO was dumb enough to engage in this bullshit.
The guy that I replied said that we should nationalize any company that receives tax dollars if we depend on it... Buts that case for virtually the entire economy. Everything is touch by our tax dollars and everything in our economy is intertwined. It is a ridiculous suggestion.
The government doesn't nationalize on the behalf of companies, it only temporarily nationalizes when to protect the American economy at large. For example, in 2008 the government took hold of a bunch of auto companies to prevent a collapse of this sector. This is not happening here for SpaceX so it doesn't make sense to do it.
The thing is you would actually have a really good case to temporarily nationalize Boeing because it is basically our entire commercial plane manufacturing sector, and it's quickly heading towards collapse. This is a case where it makes sense. Starlink and SpaceX don't fall under this umbrella.
I agreed with this sentiment six months ago, but now I like public hangings and nationalizing companies
Nationalizing companies is not going to fix the accountability issue we have in the country. The same problems are going to happen, just under new management.
Nobody thinks about that, just about hitting the people they don't like. They don't think of consequences, they don't think that nationalization means humongous companies and wealth in fact changing hands in favor of people who already control the government.
That's every fascist regime in history BTW - make your natural opponents hang themselves. Like in Russia in 1999 groups people most hurt by Yeltsin's regime were deceived into voting for Putin, because he managed to create that "Soviet intelligence agent" image, despite being continuation of said regime. Or again in 2004, when he managed to take credit for growing oil prices, which meant that said groups of people feared literal starvation less, and the factor they've grown by compared to 1998 was so huge, that Russia's level of life really didn't catch up, but that was enough. Hold people in misery, throw them bones, they'll be grateful.
Also why most Russians gloated over Khodorkovsky, Berezovsky, other oligarchs being beaten by Putin.
Cause the oligarchs seemed the face of that regime, except Putin was its soul materialized. They somehow thought that when he hurts all the oligarchs enough, things will be good.
This is a very valid point. Nationalization essentially means transferring control of these companies to either Trump or congress as well giving them power to use nationalization as a tool. Not only are they horrendously incompetent but they're also sure to weaponize it. I wouldn't be surprised if Trump went on a spree nationalizing "liberal Democrat" companies or nationalizing companies that compete with his businesses.
Would you support forcing Musk out of his roles in these companies due to his drug useage?
Yes