#TimWu: "…more important than #thedeal itself is the approach. It hints at a new era in economic policy for the United States that is centered on a paramount leader (Mr. #Trump) actively picking winners and losers. To be sure, the federal government, usually by way of Congress, has previously practiced #industrialpolicy. But the #centralization of policy in the president would be something different: more like a command economy, which in the United States might be called #commandcapitalism."

https://www.nytimes.com/2025/01/29/opinion/trump-economy-tiktok.html?unlocked_article_code=1.-U4.vrmF.tbkN05c9Jcl-&smid=nytcore-ios-share&referringSource=articleShare