Death by DEI

US taxpayers pay for another corporate woke suicide.

Soon after going woke, Intel started failing. Its revenues began to fall and its stock price followed. Its future prospects became dismal. The company that had long been at the top of its field in quality, reputation, and revenue was declining in every way.

But no worries. If Intel is no longer making good chips, it will still get money. From the US government. The government is subsidizing Intel with $billions taken from taxpayers, because Intel is failing, because it's woke. And the US government loves woke.

“The Biden-Harris Administration announced that the U.S. Department of Commerce awarded Intel Corporation up to $7.865 billion in direct funding under the CHIPS Incentives Program”

Office of Public Affairs, U.S. Department of Commerce, November 26 2024

After the US government began subsidizing Intel, we found out that the chipmaker was even worse than was thought.

Intel, once the king of chips, is falling farther and farther behind its competitors. AMD is doing great and NVIDIA is doing greater than great — dominating the whole tech world.

Of course, the mass media never mentions that Intel's problems result from its hiring people based on DEI rather than on ability. The mass media doesn't like the true story. But the correlation between the fall of Intel and its going woke was no coincidence.

The US Government subsidizes failure because it subsidizes leftist wokeism, such as the global warming carbon hoax.

A fable of farms…

Imagine that the US economy consisted of small farms (instead of mostly other kinds and sizes of businesses). Let’s imagine that this year, some farmers produced an abundance of crops, a profit. They produced more grain than they needed. Other farmers failed to do so. At the end of the harvest, those failing farms have to eat their grain to survive instead of having that seed to plant next year. The US government steps in. The government takes seed from the successful farms and gives it to the people who have proven that they cannot successfully grow crops. What will happen at next year's harvest?

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