Department of Treasury: State ownership of companies is perfectly fine: https://t.co/uuHoLb724n. And https://t.co/rZgzs3sMSX. So no communism. Just old fashioned state capitalism or corporatism. #StateCapitalism #CorporateEconomy #TreasuryStatement #Nospecificcountrycodesarementionedinthetweet.
Last week, it was revealed that the U.S. federal government is considering acquiring 90% of Spirit Airlines as part of a financial rescue, reflecting a growing trend of state corporatism under the Trump administration, which has seen the government take partial ownership of numerous companies, distorting market decisions and favoring interventionism over free-market principles. #StateCapitalism #GovernmentIntervention #EconomicPolicy
