Commerce Secretary Howard Lutnick is defending the Trump administration’s decision to purchase a 10 percent equity stake in Intel, the multinational tech company. In a recent Cabinet meeting, he sat alongside President Trump and Secretary of Defense Pete Hegseth and explained why the federal government owning part of a massive private company was not, in effect, socialism. Take a look.
I don’t know if you noticed Hegseth’s expression, but he didn’t seem to be buying this. And neither, for the record, am I.
Trump is a trailblazer, and has completely scrambled the Republican consensus on a host of issues. He’s upended conservative orthodoxy on everything from international trade to foreign policy. On the latter front, Trump’s instincts are often right, and populists and libertarians are bo