Robert Reich

Robert Reich

Trump's National Socialism

It is centralizing ever more economic power in Trump's hands

Robert Reich
Jul 15, 2026
∙ Paid

Friends,

Quietly and without any fanfare, the Trump regime is becoming a shareholder or profit-sharer in an array of corporations thought to be critical to the nation’s security.

For example, in one of the most remarkable turnarounds in corporate history, the U.S. chipmaker Intel’s shares have more than quadrupled in value since March 2025. The stock ha…

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