The David Pakman Show 8/26/25: Robert Reich joins David, Trump admin goes Communist
Aug 26, 2025
In a lively discussion, Robert Reich, an esteemed economist and former Secretary of Labor, sheds light on Trump's unexpected government stake in Intel, raising eyebrows about political interventionism. They delve into Trump’s chaotic meeting with Putin and his baffling claims, revealing his fraught grasp of U.S. history. Reich also critiques the dangers of political influence over the Federal Reserve while advocating for democracy and progressive activism. The talk underscores the urgent need for transparency and integrity in politics amidst growing economic inequality.
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Government Buying Stakes In Private Firms
- The Trump administration bought a 10% stake in Intel, marking the federal government taking ownership in private industry.
- David Pakman frames this as a form of state intervention resembling the 'communism' Republicans long warned about.
Precedent For More Federal Stakes In Industry
- Commerce Secretary Howard Lutnick suggested the government might take stakes in more defense and contractor firms like Boeing and Palantir.
- Pakman warns this creates a new category of political risk and authoritarian-style control over the economy.
Equity As A Tool For Loyalty And Control
- Pakman argues Trump's moves aren't ideological shifts but tools to centralize loyalty and power around himself.
- He says state equity allows the president to reward and punish companies, increasing dependence on his favor.
