All posts tagged "Capitalism"

Trump's push to have his administration take a bigger stake in major American businesses is beginning to scare industrialists and executives, according to a new report.

"Some executives are so worried Trump will ask for a stake in their company that they have prepared for Oval Office meetings by rehearsing what they would say to fend off the president's advances," the Wall Street Journal reported on Wednesday based on information from the lobbyists involved in those preparations.

According to the WSJ, Trump's reach for large stakes in the biggest American businesses "startles many large U.S. companies that fear an expansion of government power in their industries." ...

Republican pollster Frank Luntz issued a warning to Donald Trump just hours before the president was set to announce his "liberation day" tariffs that experts say threaten to drain Americans' bank accounts as they shop for everyday items.

Sen. Peter Welch (D-VT), a member of the Senate Finance Committee, told CNBC Wednesday that Trump's sweeping tariffs "will throw the global economy into turmoil and leave Americans holding the bag." But Trump appeared to be plowing full steam ahead.

Luntz, who spoke with CNN's Boris Sanchez Wednesday, called the United States a "polarized and angry country" that's only going to get more unstable as the Trump tariffs drag on. ...

MSNBC's Joe Scarborough warned business elites that a second Donald Trump presidency would endanger their profit margins.

The "Morning Joe" host waxed poetic about American capitalism, saying it had lifted more people out of poverty than any other economic system in history, but he said the former president had made clear he wanted to gather autocratic powers to reward loyalists and punish his enemies.

"If you believe in American capitalism, you should be worried about Donald Trump being elected," Scarborough said. "We always talk about democracy. We always talk about democracy, about Madisonian democracy, which is under threat."...

WASHINGTON — Sen. Bernie Sanders isn’t all that angry with capitalism.

He’s fully embracing it these days, actually, which may be increasingly evident to those who paid up to $273.56 to see him discuss his new book, “It’s OK to Be Angry About Capitalism,” here in the nation’s capital Wednesday night.

An avowed democratic socialist, Sanders has simultaneously berated “1 percenters” — America’s wealthiest people — while Ticketmaster charges fans at least $95.00 a ticket to see the octogenarian and two-time presidential candidate promote his book for Crown Publishing, an imprint of America’s largest publishing house, Penguin Random House. ...

Leaders of the global business elite were confronted on Wednesday with the fear that the Western model of capitalism has failed and is about to be shoved aside by emerging powers.

(Reuters) - Capitalism may be to blame for the lack of life on the planet Mars, Venezuela's socialist President Hugo Chavez said on Tuesday.