Part 10/12:
This development signifies a paradigm shift in US industrial policy, emphasizing strategic government intervention to safeguard critical sectors. It echoes past themes of "industrial patriotism," prioritizing national security and technological sovereignty.
However, it also raises questions about free market principles and whether such bailouts promote long-term innovation or merely prolong inevitable industry consolidation and decline.
Moreover, the support for Intel comes at a time when AI-driven automation and technological change are rapidly transforming the job market. As companies like Coinbase impose AI-based operational shifts and layoffs, the role of high-tech giants and government support becomes more intertwined with national economic resilience.