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You mean China, which has successfully outcompeted due to govt financing in many industries.

> You mean China, which has successfully outcompeted due to govt financing in many industries.

CHIPS act was exactly that - Loans without stake in the companies

In the USSR, the state owned the means of production. That isn’t the desire here, economic nationalism is. We’re reverting back to the American School of Economics. Someone in Trump’s group of economic advisers must be a big fan of Friedrich List.

You took the words right out of my mouth. Funny how totalitarian dictatorships are all alike.

My first thought was “sounds like communism”. Not that I’m either for or against the idea. Just seems to line up with the literal definition as I know it.

Complete with a strongman dictator, suppression of journalism and free speech, arbitrary and lawless centralized policymaking, and crony patronage.