Is American Capitalism in Retreat?
The Trump administration has made big moves to intervene in critical industries – from computer chips to rare earth minerals to steel. WSJ’s chief economics commentator, Grep Ip, says that these efforts could suggest the U.S. might be moving away from free market capitalism and towards what he calls state capitalism, American-style. Now, Greg is wondering if the U.S. economic system is starting to look more like China’s, and if President Trump is imitating the Chinese Communist Party by extending political control ever deeper into the economy. Jessica Mendoza hosts.
Further Listening:
- The Nvidia CEO’s Quest to Sell Chips in China
- How Intel’s CEO Became a Political Liability
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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The Trump administration has made big moves to intervene in critical industries – from computer chips to rare earth minerals to steel. WSJ’s chief economics commentator, Grep Ip, says that these efforts could suggest the U.S. might be moving away from free market capitalism and towards what he calls state capitalism, American-style. Now, Greg is wondering if the U.S. economic system is starting to look more like China’s, and if President Trump is imitating the Chinese Communist Party by extending political control ever deeper into the economy. Jessica Mendoza hosts.
Further Listening:
- The Nvidia CEO’s Quest to Sell Chips in China
- How Intel’s CEO Became a Political Liability
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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