Several Republicans have criticized President Donald Trump’s recent corporate deals, with the 10% equity stake in Intel being the latest in a series of moves that Washington has made to acquire ownership or generate revenue from private companies. According to The Hill, several conservative senators and even former staffers from the first Trump administration are calling these moves a step towards socialism.
“If I was [sic] speaking to the president, I’d encourage him: It’s time to think twice,” former Vice President Mike Pence said to the publication. “State-owned enterprise is not the American way. Free enterprise is the American way.”
