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EPISODE · Aug 28, 2025 · 41 MIN

High-Stakes Intel

from Cato Podcast

"Golden shares” at home, grand bargains abroad. In this episode, Cato scholars weigh Trump’s push for equity stakes in U.S. firms under the CHIPS Act and his effort to strike a quick deal with Putin on Ukraine. What does state capitalism at home mean for American liberty—and can deal-making diplomacy abroad actually end the U.S. entanglement in Ukraine?Scott Lincicome, “The government’s Intel stake is antithetical to American greatness”https://www.washingtonpost.com/opinions/2025/08/24/trump-intel-government-marketplace/Justin (and Dan Caldwell) on security guarantees: https://thefederalist.com/2025/08/26/if-ukraine-wants-security-guarantees-it-should-get-them-from-europe/Ryan Bourne, “Trump’s cronyism is quietly unravelling American capitalism,”https://www.thetimes.com/us/business/article/trumps-cronyism-is-quietly-unravelling-american-capitalism-jxlwwf7dwRyan Bourne, Industrial Policy was the Gateway Drug to Cronyism Hosted on Acast. See acast.com/privacy for more information.

Episode metadata supplied by the publisher feed · Published Aug 28, 2025

"Golden shares” at home, grand bargains abroad. In this episode, Cato scholars weigh Trump’s push for equity stakes in U.S. firms under the CHIPS Act and his effort to strike a quick deal with Putin on Ukraine. What does state capitalism at home mean for American liberty—and can deal-making diplomacy abroad actually end the U.S. entanglement in Ukraine?Scott Lincicome, “The government’s Intel stake is antithetical to American greatness”https://www.washingtonpost.com/opinions/2025/08/24/trump-intel-government-marketplace/Justin (and Dan Caldwell) on security guarantees: https://thefederalist.com/2025/08/26/if-ukraine-wants-security-guarantees-it-should-get-them-from-europe/Ryan Bourne, “Trump’s cronyism is quietly unravelling American capitalism,”https://www.thetimes.com/us/business/article/trumps-cronyism-is-quietly-unravelling-american-capitalism-jxlwwf7dwRyan Bourne, Industrial Policy was the Gateway Drug to Cronyism Hosted on Acast. See acast.com/privacy for more information.

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"Golden shares” at home, grand bargains abroad. In this episode, Cato scholars weigh Trump’s push for equity stakes in U.S. firms under the CHIPS Act and his effort to strike a quick deal with Putin on Ukraine. What does state capitalism at home...

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