Hello everybody and thank you for tuning into the 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 Zoran Mamdani or Senator Bernie Sanders, partial government

ownership of private corporations.

Earlier this year has a condition of approving Nippon Steel's purchase of U.S. steel.

President Trump demanded Nippon give the U.S. government a golden

share in U.S. steel. This golden share allows the U.S. government to overrule

Nippon's management if the government determines Nippon is acting against U.S. national security,

which means the government can overrule many decisions made by Nippon's management.

Unfortunately, Nippon was not a one-and-done excursion into corporatism. President Trump recently struck a deal with

computer chip manufacturer Intel to give the company $8.9 billion in government subsidies

in exchange for 10% of Intel's stock.

This deal makes the U.S. government Intel's largest stockholder.

The Trump administration has promised that it will not use its position to undermine Intel's

board.

However, the administration is reserving the right to counter Intel's board if the administration determines the board is taking an action that would

adversely impact the relationship of the company or its subsidiaries with the U.S. government.

So, the Trump administration is yet again giving itself power to manage a anomaly private company.

Namely, the government to control a private company, even if the government does not actually

exercise its power, means the company's management will base its decision on what will please

those currently in power rather than on the desires of the consumers.

Government investment in corporations will cause politicians to make decisions based on what will profit the companies that government has invested in,

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