Interesting points regarding state capitalism or "American etatism" as I like to call it (spoke on this in my article questioning if USA needs a SWF). I think it's part of his broader strategy focusing on retaining - and even extending - American dominance, especially on the economic front. Just comes across like he's emulating China's state capitalism playbook in a historically free market nation (Trump 2.0 admin taking stakes in 'strategically important' companies, convergence of corporations + governments e.g. Genesis Mission, etc). We'll see if all this pays off...
I've also written about Europe's Innovation Paradox - the EU need to stop their political footdragging and build the CMU more than ever! Since Draghi's competitveness report in 2024, hardly any progress has been made. I've got a feeling there's a 'long Europe' theme at play here, and in the future. Just a bit unsure in which sectors outside of defence & pharmaceuticals so far.
Interesting points regarding state capitalism or "American etatism" as I like to call it (spoke on this in my article questioning if USA needs a SWF). I think it's part of his broader strategy focusing on retaining - and even extending - American dominance, especially on the economic front. Just comes across like he's emulating China's state capitalism playbook in a historically free market nation (Trump 2.0 admin taking stakes in 'strategically important' companies, convergence of corporations + governments e.g. Genesis Mission, etc). We'll see if all this pays off...
I've also written about Europe's Innovation Paradox - the EU need to stop their political footdragging and build the CMU more than ever! Since Draghi's competitveness report in 2024, hardly any progress has been made. I've got a feeling there's a 'long Europe' theme at play here, and in the future. Just a bit unsure in which sectors outside of defence & pharmaceuticals so far.
Can't wait to read it when it drops!
It won't pay off, in my view.
China's state capitalism is true capitalism (yes they had some failures) but with state participation.
--> bottom up state capitalism
What Trump is doing is steering the state top-down into ventures that only seem capitalistic, but are not.
-->top down state capitalism