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Donald Trump’s Worst Idea
“President Donald Trump is effectively turning major U.S. businesses into arms of the government,” writes Tyler Cowen. (Win McNamee via Getty Images)
From Intel to mining, Trump is trying to control big American companies. It’s a recipe for disaster.
By Tyler Cowen
10.07.25 — Tyler Cowen Must Know
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Is President Donald Trump a socialist in disguise?

Trump made his name in the private sector as a dealmaker, and so my worry has long been that he will try to make too many deals, specifically here at home with American companies. Sure enough, that’s exactly what he has been doing, effectively turning major U.S. businesses into arms of the government.

My …

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Tyler Cowen
Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Faculty Director of the Mercatus Center. He received his PhD in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was named in an Economist poll as one of the most influential economists of the last decade and Bloomberg Businessweek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. He co-writes a blog at www.MarginalRevolution.com, hosts a podcast Conversations with Tyler, and is co-founder of an online economics education project, MRU.org. He is also director of the philanthropic project Emergent Ventures.
Tags:
Donald Trump
Socialism
Republicans
Business
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