Comment on Trump’s brand of US capitalism faces ‘socialist’ backlash from conservatives
Amoxtli@thelemmy.club 1 week agoState corporations exist, and Western governments do focus stimulus on industry-wide sectors of the economy, and novel technologies, but that is different from owning a stake in a private company, and dictating what it should do. Donald Trump knows nothing about semiconductors, or computers. There is a reason why market economies are more efficient, because the bureaucrats back off knowing they have no expertise in anything. Donald Trump has the instincts of a dictator of a planned economy, in that he wants to force things, instead of conceding to reality. This is why planned economies don’t work.