26: Trump Administration's Economic Interventionism Questioned as 'State Capitalism'. Veronique de Rugy critiques the Trump administration's economic policies regarding companies like Intel, US Steel, and MP Mining, calling them "state capitalism" or forms of

The John Batchelor Show

John Batchelor

Arts, Society & Culture, Books, News

4.5 • 2.8K Ratings

🗓️ 25 October 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trump Administration's Economic Interventionism Questioned as 'State Capitalism'. Veronique de Rugy critiques the Trump administration's economic policies regarding companies like Intel, US Steel, and MP Mining, calling them "state capitalism" or forms of nationalization. She argues that the government acquiring a minority share in Intel creates bad incentives and unfair competitive advantages. Regarding MP Mining, de Rugy notes that guaranteeing a price floor fails to address the underlying issue of government regulation hindering rare earth production in the US.E
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0:18.0	Visit sumup.co. UK to learn more.
0:28.0	This is CBS Eye on the World.
0:29.8	Here's John Bachelor.
0:33.9	This is CBSI on the world.
0:35.1	I'm John Bachelor.
0:36.0	Capitalism.
0:39.1	You think you know what it is. However, I learned from Veronique de Reggie, there's an creative impulse at the Trump administration and conjoined with
0:45.4	the Republican members of Congress that are redefining capitalism for perhaps the planet.
0:52.0	Veronique, a very good evening to you. Thank you.
0:54.7	The Intel purchase or acquisition or dominance by the Trump administration, 10% of Intel now is owned by Uncle Sam.
1:08.8	Is that capitalism is the question? My first glance is, well, Intel is a publicly
1:13.6	traded company. It's not doing particularly well. The purchase by the U.S. government or the Trump
1:20.7	administration or Congress gives the other investors heart to continue their trust in Intel, but it's struggling.
1:30.2	Is it capitalism or is this something closer to state-owned enterprise?
	...

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