Photo: JUSTIN LANE/AFP
Photo: JUSTIN LANE/AFP

Ideas

The Era of Step-on-a-Rake Capitalism

Trumponomics isn’t about economics. It’s about creating pain and demanding tribute.

First published in The Atlantic on September 11, 2025.

by Derek Thompson, The Atlantic
October 2, 2025 | reading time: 9 Min.

Is Donald Trump a staunch capitalist, a secret socialist, a blend of the two, or none of the above? Depending on the day, it’s hard to tell.

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