The president uses government leverage to extract equity stakes, profit-sharing deals, and special voting rights from major corporations. These are familiar tools—but Trump’s unchecked dealmaking could be disastrous.
Magazine
How to Crush the American Battery Boom
Biden policies put the U.S. in a strong position, but Trump is destroying the American battery industry and good American jobs.
To Create Abundant Housing, Ignore the YIMBY Playbook
Washington DC, America’s bluest city, is building more homes per capita than Houston—not with bottom-up zoning reform but with top-down government action.
Trump Promised a Shipbuilding Boom. He’s Sinking It Instead
After pledging to restore America’s maritime might, the president has gutted the very offices, funding streams, and foreign partnerships that could have made it possible.
Hitting His Stride
Nick Thompson was an above-average runner who suddenly, in middle age, started breaking world records—a mysterious success inspired by a complicated relationship with his father.
Measuring the Vibecession
Why top-line federal statistics miss the economic pain average Americans feel.
Monopoly Men
Big Tech platforms and the Gilded Age trusts have something in common: a stifling grip on the fundamentals of commerce.
Justice Barrett’s Campaign Biography
By presenting judging as pure law untainted by politics, Amy Coney Barrett offers a picture so implausible it makes cynics of us all.
How America’s Tax Code Built an Aristocracy
We say taxes make citizens equal before the state. In practice, they divide them—between those whose income is tracked at the source and those whose wealth is invisible.
Running Out of People
The coming population bust won’t be solved by right-wing pronatalism or left-wing subsidies. It will require confronting how modern life puts parenting out of reach.

