Is it Comrade President now?

Some conservatives are up in arms about Trump’s decision to have the government buy a stake in Intel.

That’s state ownership of the means of production, isn’t it? Classic, textbook socialism.

“If there is anyone who was a halfway prominent mainstream conservative … 10 years ago who now tells me they wouldn’t have screamed about incipient ‘socialism!’ or ‘fascism!’ about Trump’s Intel ‘investment’,” writes Jonah Goldberg on X, “I presumptively assume they are lying …”

In fact, a whole school of thought on the right, going back decades, has championed industrial policies as bold as Trump’s, if not bolder.

The public face of that school was Pat Buchanan, who was way ahead of the national debate on industrial policy just as he was on immigration.

President Donald Trump is not a socialist, and America has a long history of government getting involved in owning companies — Amtrak is a familiar example.

The for-profit but government-owned passenger-rail company was created under Republican President Richard Nixon.

What Trump is doing with Intel is different from earlier precedents, however. (RELATED: Trump’s Intel Deal Could Set Problematic Precedent Dems Can Exploit)

Trump sees the Intel deal as a first step toward creating an American “sovereign wealth fund,”........

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