USA Rare Earth shares rallied on Monday after the startup miner announced that the Department of Commerce will take an equity stake.
Another step towards a Planned Economy
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USA Rare Earth shares rallied on Monday after the startup miner announced that the Department of Commerce will take an equity stake.
Another step towards a Planned Economy
What an absolute joke
on us, though
Government is fundamental to the wealth of nations.
The state provides rule of law, property rights and security.
Without them, capitalism cannot thrive.
There has never been a sustained and prosperous economy without good government underpinning it.
Free markets failed to provision the US military industrial combine with a reliable supply of the refined rare earths essential to its functioning.
Too many people swallowed the neoliberal voodoo economics mumbo jumbo and as a result the US industrial sector and infrastructure are tragically decimated while China now controls multiple strategic supply chains.
The joke is on the neoliberal-libertarian ideologs who precipitated this with their naive, dangerous and deluded dogma.
wonder how much of the company Lutnick and children bought up prior to this announcement...
Trumps State Capitalism trying to respond to China winning the trade war.
Good luck with that!