Steve Corbin is emeritus professor of marketing at the University of Northern Iowa and a contributing columnist to 246 newspapers and 48 social media platforms in 45 states, who receives no remuneration, funding, or endorsement from any for-profit business, nonprofit organization, political action committee, or political party.
During the first seventeen months of President Trump’s second term of office, he is responsible for the U.S. government using taxpayer money to purchase equity stakes in fourteen private and fourteen publicly held companies. Over 250 years of U.S. history, this is—by far— the most significant change in American economic policy.
The Cato Institute, a conservative think tank, characterized Trump’s economic environment as state capitalism and a stepping stone toward what they refer to as “creeping socialism.” In an August 28, 2025 report, Cato argued that “Trump’s state capitalism – a hybrid between socialism and capitalism – won’t make America great again.”
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