Socialism

John Stossel | 11.12.2025 12:30 AM

"America will never be a socialist country!" says President Donald Trump.

I hope not.

Trump rightly declared socialism "the wrecker of nations and destroyer of societies."

But I fear he's confused about what socialism is.

"Trump says he's against socialism, but he is having the government get involved in owning companies and directing companies," complains economist Daniel Mitchell in my new video.

When Trump took 10 percent of Intel, his commerce secretary, Howard Lutnick, said, "It's not socialism. This is capitalism!"

But when government takes partial ownership of companies, that is socialism.

I said to Mitchell, "It's just 10 percent."

"It doesn't have to be 100 percent," he replies. "If you're Intel, there's no way you're going to antagonize the Trump administration or some future AOC administration by doing something........

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