Reported about 16 hours ago
Former Treasury Secretary Larry Summers criticized the US government's acquisition of a 10% stake in Intel, suggesting it exemplifies a shift towards 'deals-based capitalism' instead of a consistent, rules-based approach to economic policy. He expressed concerns that such government intervention could harm market stability and fairness, questioning the implications for the semiconductor and AI industries and the potential risks of intertwining market competition with political negotiations.
Source: YAHOO