alt Hacker NewsWhat's free market about total state regulatory capture, calling the President when your bids get rejected, or setting up wars and domestic police actions to enrich yourself with contracts using taxpayer funds?
There are legitimate criticisms of a pure free market, but this is "state capitalism" not a free market.
The Trump administration is absolutely not pro free market. They're putting fingers on the scale all over the place, taking Federal positions in private companies, taking literal bribes for regulatory favors, influencing the selection of executives and board members, and using the power of the state to attack privately owned companies for platforming speech they don't like (like this 60 Minutes segment, made by a private company). Trump/MAGA looks a lot more like the CCP than anything else.
Of course if you pay attention to the discourse, MAGA and national conservatism are an explicit repudiation of Reagan/Clinton "neoliberalism" and "libertarian conservatism." They explicitly support a large administrative state that centrally plans the economy and culture, just one they run and use to push right wing and nationalist agendas.
I remember saying back during the Bush years: if the right is forced to choose between liberty and cultural conservatism, they will throw out liberty. The right only supports the freedom to do what they think people should be doing. (Yes, there are similar attitudes in some parts of the left too. There are not many principled defenders of individual liberty.)
Edit: I'm really just arguing that we should call things what they are. Calling MAGA's CCP-like state capitalism a free market is like calling Bernie Sanders or Mamdani communism (they're socialists, not communists, these are not the same) or calling old school conservative republicans fascists. Words mean things.
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> There are legitimate criticisms of a pure free market, but this is "state capitalism" not a free market.
Yeah, that's what OP said. I hate these sort of comments where the poster acts like they vehemently disagree with what was said, but then just restate what was said in a slightly different way.
The recent defense bill is evidence of this. Who has access to these contracts and massive spending increases? Is it any random startup that is building a good product? Nope. It’s the incumbent companies that are big donors and the various defense tech companies from the Peter Thiel and Joe Lonsdale ecosystem, who are ideologically aligned to the administration and support them vocally. Same with the new ICE and border agency funding. They’re tripling these agencies budgets. Who’s getting contracts to hire thousands of new agents or to build software profiling the millions they want to deport in 2026? Their friends like Palantir probably.
I think you're missing the implied cause and effect here. Lighthanded regulations allow for ridiculous amounts of wealth to be acquired in the U.S. Larry Ellison, Elon Musk, etc. are so unfathomably rich (and therefore powerful), they can now trivially bend government to their will.
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The tariffs are at least partially about crony capitalism if you look how they have repeatedly played out. Announce big, broad, sweeping industry & country level tariffs. Talk to Big Tech execs, quietly delay/rescind specific sub-components or even companies from said tariffs. Rinse & repeat.
The companies left fully paying tariffs are the ones that aren't big enough to have the orange mans ear / "donate" to the ballroom construction.