Anthony Scaramucci has backed a Fortune Magazine column warning that Donald Trump and the MAGA movement are shifting tow...

Anthony Scaramucci has backed a Fortune Magazine column warning that Donald Trump and the MAGA movement are shifting toward “Marxist and Maoist” economic policies.
Written by Yale School of Management’s Jeffrey Sonnenfeld, Steven Tian, and others, the piece argues that Trump’s interventionist approach is an unprecedented threat to free-market capitalism.
The authors cite examples like pressuring Coca-Cola to change its ingredients and publicly shaming CEOs such as Apple’s Tim Cook and JPMorgan’s Jamie Dimon.
They warn this is more damaging to capitalism than progressive local policies like city-run grocery stores, suggesting the administration aligns more with Marx and Mao than with traditional free-market thinkers like Adam Smith.
Economist Craig Shapiro compares Trump’s economic tactics to those of a mafia boss running a protection racket. He points to Trump’s public threats, backroom pressure, and regulatory warnings to control corporate pricing, such as telling Walmart to “eat the tariffs” rather than pass them to consumers.
The administration has also made significant state-backed investments, including a $400 million Defense Department stake in MP Materials.
Critics say this marks a major shift in the Republican Party’s identity—from championing free markets to embracing state-driven capitalism similar to China’s model.
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