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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

SOLVED! #25 - Trump’s “State Capitalism” is Just a Grift, NOT Socialism

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Marx, Political, Feminism, Jacobin, Left, Hightower, Politics, Counterspin, News, News Commentary, Maddow, Hartmann, Democracynow, Antiracism, Marxism, Socialism, Capitalism, Ezra, Liberal, Intercepted, Hayes, Progressive, Intercept, Intersectionality, Wolff

4.63.4K Ratings

🗓️ 15 October 2025

⏱️ 99 minutes

🧾️ Download transcript

Summary

Air Date: 10–15-25

Today, Jay!, Amanda, Deon, and Erin discuss:

 

  • Ch. 1 - The cartoonish conservative and libertarian responses to Trump’s state capitalism
  • Ch. 2 - Trump’s interest in sovereign wealth funds, and the lie the right sells its supporters about getting money back
  • Ch. 3 - The left spectrum of reactions to Trump’s state capitalism
  • Ch. 4 - Why Trump is definitely, 100%, not in any way a socialist
  • SOLVED! BACKSTAGE: Beyond the Algorithm: Ayn Rand’s nearly psychotic opposition to altruism

 

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Nostr public key: npub1tjxxp0x5mcgl2svwhm39qf002st2zdrkz6yxmaxr6r2fh0pv49qq2pem0e

 

REFERENCES:

The Danger of Trump Seizing Private Companies - Time magazine

Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again - Cato Institute

Trump Is Embracing 'Daddy State' Economics - Reason

Trump's brand of US capitalism faces 'socialist' backlash from conservatives - BBC

Trump, national-capitalism at bay - Heterodox

Don’t Let Trump Define What State Capitalism Can Be - The New Republic

What State Capitalism Can Do—and What It Can’t - The American Prospect

Unfortunately, Donald Trump is Not a Socialist - Current Affairs

 

EXTRAS

Were the Nazis Socialists? - Britannica

r/AskHistorians: “Is Nazism right wing or left wing?”

Interview with Hitler - Interviews (Anthology 1859-1993)

 

BACKSTAGE

I’ve spent my entire career studying stress—the No. 1 cure for it might ‘surprise’ you - CNBC

Leonard Peikoff - Wikipedia

 

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Leave a message at 202-999-3991

 

Produced by:

Jay! Tomlinson

Thanks for listening!

Visit us at BestOfTheLeft.com

Contact me directly at [email protected]

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Solve the political discussion show for people with attention spans and those looking to develop on.

0:09.0

My name is Jay and our other resident solvers are Amanda Dion and Aaron, who will offer a greeting now.

0:15.6

Hey there.

0:16.7

Hello.

0:17.9

How's I going?

0:19.3

Collectively, we produce the venerable, indispensable, not to mention award-winning podcast, Best of the Left, where humans, that's us, curate progressive media on a chosen topic, creating episodes that are greater than the sum of their parts.

0:32.5

On this show, we use those same curation skills to pull together stories and ideas to help us solve some of society's biggest problems because if we don't tell you how to think someone dumber on the internet will. Today, we're going to be looking at the pros and cons of Trump running the government, not so much like a business, but as like an activist investor and mafia boss rolled into one by having the country take

0:57.6

ownership stakes in large companies like Navidia and Intel in exchange for government favors.

1:04.9

And the range of reactions to these moves are actually quite fascinating.

1:09.0

So we're going to go through a fair number of them from right to left. Spoiler alert, basically everyone hates what Trump is doing just for

1:16.2

different reasons, and so that's why it's interesting. And I'm going to be issuing a challenge

1:21.6

today to the three of you on this show with me. Are you ready to be challenged?

1:27.0

Yeah. Are you excited to be challenged? Yeah.

1:29.4

Are you excited to be challenged?

1:30.2

Ready?

1:30.9

No, excited.

1:31.5

Absolutely.

1:33.0

I never know with you.

1:33.8

So we'll see.

1:35.1

We'll see.

1:46.8

The challenge is that I would like for us to have a conversation with more nuance than Time Magazine was able to muster in their ideas piece.

1:48.4

Okay.

...

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