Apple, Intel and US statism versus China’s: Will global domination pivot on silicon chips?
America's federal government now owns a tenth of Intel, signaling a closer embrace of industrial policy driven by US-China digital supremacy rivalry. The author highlights the irony of Apple, a former symbol of free enterprise, now making deals under apparent government influence, marking a "statist turn." This shift challenges America's historical commitment to free markets and individual agency. The text questions the economic efficacy of central planning, urging a focus on sound economic principles over geopolitical competition. It contrasts this with China's market-driven ascent and encourages a broader economic perspective beyond mere silicon rivalry.
LiveMint · Mint Editorial Board · May 11, 2026 at 2:00 AM