According to FT:
The announcement is the president’s latest move towards a more interventionist approach to corporate America, one that edges closer to 1960s European state capitalism than US free-market orthodoxy.
According to fool49:
So government remains big under the current Republican administration, with a return of state capitalism. But why does the article compare it to past Europe, when it is the model of current China?
The article was about government taking an equity stake in Intel.
Reference: Financial Times
Posted by fool49
1 Comment
No, that’s not 1960s European State what you get. That’s the beginning of becoming Russia in the 2000s.
The inflation and this stupid tariffs will make manufactoring unprofitable despite the tariffs and even in the service industry they will offshore the work. There will be a few Industries, Like they’ve been in Russia but they will only be productive with subsidies. But that subsidies will only be available with corruption.
So, the US of A will end up as exporter of LNG and oil and become a second Russia with oligarchs, faked elections, huge army and a dwindling economy.