Welcome to the New, Sorta Socialist Era of American Capitalism
Business Insider••business
Key Points:
- The US government, under the Trump administration, has shifted toward a more interventionist economic approach by acquiring equity stakes in key companies like Intel and US Steel, marking a departure from the traditional laissez-faire model of American capitalism.
- These investments target strategic sectors such as semiconductors, critical minerals, and nuclear energy to bolster national security and reduce reliance on foreign suppliers, reflecting growing concerns about economic competition with China.
- Critics warn that this selective government involvement risks political bias, cronyism, market distortions, and could shift corporate focus from innovation to currying favor with the administration, potentially undermining free-market principles.
- While the scale of these investments is financially minor relative to the overall economy, the structural implications represent a significant
