pull down to refresh
Trump is applying state capitalism in order to respond to Chinas state capitalism.
The 'free markets' do not have sufficient incentive to invest in certain strategically important sectors and USAs neoliberal free market rules policies have left it woefully exposed in terms of strategic supply chains and productive capacity.
USA cannot build ships competitively because most of its heavy industrial base has been outsourced to China.
Private for profit companies do not give a fuck about the nation state and its mercantile integrity and security- unless the nation state provides incentives and subsidies- this is what Trump is now belatedly doing in a clear mimicry of Chinas State Capitalism.
What do you think the New Deal was? Your understanding of US history is wildly lacking. TVA, FDIC, Import-Export Bank, and many, many more were created. Again. This isn't new. This is just the next evolution.
Maybe just maybe learn some US history before you act like we copied China
Actually, no, he isn't mimicking anything; he is doing what the US has done historically. When you flip the trade game on its head with dumping like China has this is the only way for any company to get off the ground. This is also why with certain deals that have been struck part of the agreements include the US divesting its stake once they are operational, profitable, and stable.