Source: The American Prospect
by Harold Meyerson
“OK, who’s the dangerous radical pushing the state to take over private enterprise here? Who’s aping the Chinese Communist policy of having the government own or control major business entities? Zohran Mamdani? He’s called for more consumer-friendly regulation of some New York City markets (rental housing in particular), and proposed setting up a handful of city-run grocery stores, but he hasn’t advocated seizing big corporations or banks, though New York is lousy with them. On the other hand, there’s Donald Trump. His approval of Nippon Steel’s purchase of U.S. Steel was conditioned on giving the government a golden share through which the government (that is, Trump) could control the company’s policies and conduct. His decision to let chipmakers Nvidia and AMD sell their H20 chips to China … was conditioned on their having to pay our government 15 percent of the revenues they made from those sales.” (08/18/25)
https://prospect.org/economy/2025-08-18-when-letat-cest-trump-us-goes-in-for-state-capitalism/