George Will: Trump Involvement In Carrier Deal "Socialism"


JAMES ROSEN, FOX NEWS: A.B., you mentioned in the previous panel that we just had this sort of deal a day approach of the president-elect where he is descending on different companies and seemingly making ultimatums but otherwise cutting deals with them and so forth. We have a quote we would like to show you.

This is from a former Bush administration economic advisor Greg Mankiw quoted in The Washington Post about this saying quote, "When a chief exec is making individual calls to individual companies, he's in some sense acting like a central planner. We have a lot of history under communism that suggests it doesn't work in practice, and that's the direction you're heading in as the president starts to weigh in on individual business decisions."

George Will, do you agree?

GEORGE WILL: I entirely agree. So far Donald Trump's style is personal, not to say visceral. And ad hoc. And what that adds up to is a kind of use of presidential power absolutely unconstrained by law and statute and all those other niceties.

The problem is when you have, in the Carrier case, political power used to bring pressure upon a privately owned institution that has fiduciary duty to maximize shareholder value and drive them off with political pressure with making economic decisions about economic assets, you are, in effect, at the end of the day, getting the federal government involved in capital allocation. There is a name for that, it's called socialism.

ROSEN: And so to the existing indictments of Donald Trump and the public imagination, at least where the Democrats are concerned, we have fascist, right. We have uber-capitalist. And now we add to that socialist.

WILL: Correct.

ROSEN: They can't all logically co-exist.

WILL: This is not a logical time.

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