Weekly Report - Making Corporatism Great Again

President Trump has recently endorsed a policy that is arguably as socialist as anything proposed by New York mayoral candidate Zohran Mamdani or Sen. Bernie Sanders — partial government ownership of private corporations.

Earlier this year, as a condition of approving Nippon Steel’s purchase of US Steel, President Trump demanded Nippon give the US government a “golden share” in US Steel. This golden share allows the US government to overrule Nippon’s management if the government determines Nippon is acting against US “national security,” which means the government can overrule many decisions made by Nippon‘s management.