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Trump’s Un-American Capitalism

Дата публикации: 24-06-2026 16:15:41

The current US administration's openly corrupt style of crony capitalism is the antithesis of the institutional foundation on which the US economy was built. The winners in the new oligarchic competition are not those who make the best products, but rather those who are best at flattering the mad king.

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Economics
Jun 24, 2026 Joseph E. Stiglitz

The current US administration's openly corrupt style of crony capitalism is the antithesis of the institutional foundation on which the US economy was built. The winners in the new oligarchic competition are not those who make the best products, but rather those who are best at flattering the mad king.

NEW YORK—President Donald Trump claims that electing “socialist” Democrats would put the United States on the path to becoming Venezuela or Cuba. But Trump’s own actions, as is often the case, fly in the face of what he says and what his Republican Party supposedly stands for. Far from continuing to champion capitalism and free enterprise, Trump’s GOP no longer supports either.

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