"I do think it's raising questions, frankly, about capitalism, and whether capitalism works, Sorkin said. I'm a believer that it does work, but I'm a believer it works only when the right rules are in place. I fear that we're getting to a place where they're not. Sorkin: This is now state-sponsored capitalism. This is not really capitalism. Everything runs through 1600 Pennsylvania Avenue now. This is totally new."
"We have never had a time where CEOs and business leaders are making their decisions dailytheir strategy is based on whether their strategy is going to be in line with the strategy of this president, whether he's going to agree or disagree, come out in favor or not, or decide to sue or not over whatever you're doing. That is a fundamental reshift, and that is something that's more akin to places like China, frankly."
The U.S. economic system is shifting toward state-sponsored capitalism as presidential influence increasingly directs corporate decisions. Corporate leaders are aligning daily strategy with presidential preferences to avoid regulatory action, lawsuits, or public retribution. Executives justify these decisions as protecting shareholders and business continuity. This alignment undermines competitive market rules and concentrates decision-making power at the presidency. The dynamic raises questions about capitalism’s functioning when rules fail to protect market autonomy. The pattern draws comparisons to systems where the state routinely shapes corporate strategy and outcomes, reducing independent corporate governance and market-driven incentives.
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