American capitalism is being remade by state power
- Written by H. Sami Karaca, Professor of Business Analytics, Questrom School of Business, Boston University
Is the Trump administration trying to reshape American capitalism? Recentmovesby Washington, such as taking a 10% share of semiconductor maker Intel, point to a shift in that direction. For decades, Washington has supported free-market capitalism. Today, the government appears to be supporting a new direction – state-directed capitalism.
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