The Trump administration is shaking up federal involvement in the mining, tech, energy and defense sectors by making the government part-owner of dozens of U.S. companies — and sparking a conversation among progressives about how a future Democratic president might reboot the party’s approach to climate and labor policy.
Starting with Trump’s surprise moves to take a “golden share” in U.S. Steel and then a 10 percent share in Intel more than a year ago, the administration is approaching $30 billion in equity stakes, warrants or similar plans in U.S. companies by most estimates, a fairly radical departure from orthodoxy outside of times of financial crisis — like the massive government bailouts of 2008-2009 — or world war.