Death by DEI
US taxpayers pay for another corporate woke suicide.
[The day after we published this for paying subscribers last week, John Stossel published a YouTube vid the next day, putting forth much of the same information about Intel’s suicidal DEI policies as we did. So,
Dear John Stossel,
Beat ya.]
The Chips are Down. Well, some of them are. Because Dei
“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?
All excellent points... As a former public company COO, I would equate DEI with corporate malfeasance.
In the real world, as opposed to the US, farmers whose crops fail get help from farmers who have more experience for the next year. Today we have the means to communicate over vast distances. There are groups that will come and TRAIN people how to farm, and step in to help when things go sideways.
What you describe is a kind of "lone wolf" farming structure, when for thousands of years, farmers have stuck together, worked together, helped each other, through all sorts of troubles and disasters. It's called "Community."