Trump Admin's 'National Security' Buys: Your Chips, Our Cash
The New York Times hails the Trump administration's move to acquire billions in stakes in companies like Intel and U.S. Steel, framing it as a strategic safeguard against foreign adversaries like China. This isn't groundbreaking policy; it's a familiar pattern of industrial policy dressed in a flag, ensuring that certain domestic corporations thrive, often regardless of consumer benefit. Trump's
previous tax cuts for the wealthy and deregulation for industry were pitched with similar 'America First' rhetoric, only to see corporate profits soar while the promised working-class windfall remained elusive. One might wonder about the timing and beneficiaries. This 'national security' narrative conveniently aligns with boosting the valuation of specific corporate giants, ensuring a cozy
relationship between government and favored businesses. Are we truly shoring up the nation, or are we just picking winners and losers in the corporate boardroom with taxpayer money? It appears some 'national security' is more secure for the connected few.