Donald Trump’s success at compelling some American corporations to accept partial government ownership is neither communism nor socialism, as various market fundamentalists have fretted. As I’ve noted ...

A generation ago conventional wisdom held that as China liberalized, its economy would come to resemble America’s. Instead, capitalism in America is starting to look like China. Recent examples ...

Last month, the Trump administration and Nvidia worked out what some have called an unusual and surprising deal for the latter to export its defeatured AI chips. That is, President Trump reversed a ...

The last few weeks have given us headlines many Americans never imagined they’d see. “Trump Embraces State Capitalism.” “Trump Is Making Socialism Great Again.” “Is MAGA going Marxist and Maoist?” For ...

President Donald Trump’s increasing control over businesses and the economy is being described by some commentators as “state capitalism”—a mix between socialism and capitalism. But the term “state ...

Attention to individual acts of market intervention, however, has so far failed to fully understand the Trump administration’s actions as part of a single, evolving pattern of state behavior.

The question of whether President Donald Trump has turned the United States toward a new “state capitalism” — one in which the government is not just economic referee but active player — has been ...