President Donald Trump has used the power of the presidency to become an activist investor, buying government shares in a handful of companies. Trump touts this as profitable for the country, but the dangers are real, and the benefits will mostly accrue to insiders who gain power, influence, and insider knowledge.
This is what happens when government gets entangled with industry: The big and politically connected businesses benefit, as do the politicians and bureaucrats, and the lobbyists who run between them.
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