Last month, the Trump administration and Nvidia worked that some have spoken of an unusual and surprise.dealTo export its defeated AI chips to the latter.
Namely, President Trump reversed a decision made by his own administration by his own administration to dicted the NVIDIA H20 and AMD chips as a national security risk, including a decision by his own administration, including one.15 percent levyThe US government on the sale of those chips.
Trump then chased with several executive orders and AAI action planIn general, US and foreign AI companies, so they will be given more or less green lights for the construction of major AI infrastructure projects until they are ideologically biased against their administration.
In addition, AI products manufactured in the US can be exported to non-alide countries, including China, with export controls through the US Department of Commerce.
At the same time, Trump reached a deal with Intel for an unprecedented10 percentGovernment stake in the company.
To understand the above calibration of market-oriented to the general public and to understand “America first”, pillars of national security marketism must be explained.
Here, economic security is similar to national security, in which both American and foreign companies are not only ruled, but are expected to align their operations to form the objectives of the current administration, both politically and economically.
It is called corporate statism, which is a different result from China’s state capitalism, by which corporate groups form the basis of society and state.
In recent decades, China’s one-sided system has effectively used its state capitalism to form itself as a superpower and remake the world into a bipolar power system.
Nevertheless, on the other side of the power system, the target of the Trump administration, at least initially, claims the exclusive and unique power of the presidential power to begin the variation of state capitalism in the United States.
In the eyes of the administration, doing so can demolish the US from China, increase the bipolar power system and reduce China’s economic and military rise.
It is likely that Trump’s national security marketism will enter the “rent system” for both American and foreign companies, they will need to innovate and make further payments to earn profits.
Trump has also threatenedTariff on American brandsOur products should be consumed more widely at home and abroad.
Additionally, at the beginning of its version of state capitalism, their technocrats are devaluing the previous American pillars of bureaucracy diversity and inclusion. Personal, domestic and economic security is national security at his place.
It is no secret that a growing section of the American public in recent decades is dissatisfaction with the status quo. And, thus, an openness for a separate political wind that can promote a revival in the American way of life.
However, it is not fully understood, however, the state capitalism in the US is the emergence and variation in the US
While the term state capitalism usually reflects negative externality and single-party systems in China, state capitalism has been studied through a lens of variations and varieties.
The diversity of state capitalism can be seen in all nation-states, as the government of each country designs their unique political and economic aspirations and goals, based on their culture and history.
In the field of varieties of state capitalism, a number has been focused on a number and predicting the decline of existing capitalist societies in China, while other states focus on continuous forms of capitalist countries.
The above is to say that the Trump administration and its enterprise are another way to understand and assess in state capitalism.
Instead of predicting that the state intervention of the Trump administration and the Republican Party’s Maga wing would fail, it may be more politically and economically surprising to feel and accept that the US has crossed the rubikon to return to its status quo.
In so many words, perhaps the story now is how the Trump administration will execute its state capitalism: vertically or horizontally.
Overall, the Trump administration is intensifying the upper aspect of the above rent, technocrats bureaucracy and is a threat to tariffs American brands that can significantly rock the US healthy consumer economy and normalize today’s unstable stock market.
However, if the Trump administration is a more horizontal state capitalism, which accounts for the major stakeholders and their interests, then Trump’s state capitalism may have some real legs.
While Trump’s state capitalism is still subject to legal and political challenges, it is filled with a deep root in public sentiment and domestic politics that see the US losing its way and has created ideal conditions for Trump, which are to take a playbook directly from China.
This is actually an unknown area where the status quo is being rebuilt in front of our eyes.
Take longSanta is an Associate Teaching Professor at the Leave School of Business at Clara University.
