250 Years of American State Capitalism
https://www.project-syndicate.org/commentary/american-state-capitalism-started-under-george-washington-never-ceased-by-shang-jin-wei-2026-07
While the prevailing economic narrative in the United States has often extolled free markets, policymaking itself has always been more pragmatic. From its very founding, the US has had a hybrid model in which the state directs, subsidizes, and occasionally bails out private enterprise in the service of national priorities.
America's been arguing over trade for more than 250 years
https://www.piie.com/blogs/realtime-economics/2026/americas-been-arguing-over-trade-more-250-years
https://www.project-syndicate.org/commentary/american-state-capitalism-started-under-george-washington-never-ceased-by-shang-jin-wei-2026-07
While the prevailing economic narrative in the United States has often extolled free markets, policymaking itself has always been more pragmatic. From its very founding, the US has had a hybrid model in which the state directs, subsidizes, and occasionally bails out private enterprise in the service of national priorities.
America's been arguing over trade for more than 250 years
https://www.piie.com/blogs/realtime-economics/2026/americas-been-arguing-over-trade-more-250-years