Originally Posted by
skigambia
The government would be offering financial assistance, and Spirit would back that with the collateral of up to a 90% equity stake to protect the government assistance. That's not socialism, that's strategic government aid (A common government strategy)
I'm not saying it's a bad thing, I'm just saying it literally is socialism. The government owning businesses is socialism, it's the actual definition. I'm not opposed to it, I think we've thrown aid money to companies for nothing in return for way too long, but you have to understand what socialism is if you're going to confidently claim it's not socialism.