On Friday’s broadcast of Bloomberg’s “Open Interest,” White House National Economic Council Director Kevin Hassett argued that the government stakes in multiple companies aren’t socialism “Because it’s not control” “And we’re certainly putting up firewalls to make sure that the government can’t come in and micromanage those firms.”
Hassett said that “socialism is when the government owns the capital, and then hands it out to people, is a very simple definition. And so, let’s just say, hypothetically, the government decides to have grocery stores, where it sets the prices and tells people, like, when they can get in and get the cheap stuff. The history of this is that the...
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