US Edition'Trumpism will fail': Economists predict president’s down-low socialism is doomed
Economists warn Trump's government ownership strategy undermines market efficiency and leads to waste, citing examples like Foxconn and US Steel with government intervention causing economic losses.
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2 Articles
'Trumpism will fail': President’s big move gets smackdown from economists
Government ownership of companies creates garbage companies, and President Donald Trump’s government forays into public ownership of Intel and others will be no exception, say economists in the Kansas City Star.“With the federal government now the largest shareholder of Intel, an ostensibly private company, Commerce Secretary Howard Lutnick wants you to know that ‘This is not socialism.’ But if public ownership of the means of production isn't s…
'Trumpism will fail': Economists predict president’s down-low socialism is doomed
Government ownership of companies creates garbage companies, and President Donald Trump’s government forays into public ownership of Intel and others will be no exception, say economists in the Kansas City Star.“With the federal government now the largest shareholder of Intel, an ostensibly private company, Commerce Secretary Howard Lutnick wants you to know that ‘This is not socialism.’ But if public ownership of the means of production isn't s…
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