Is this what they thought we meant by nationalizing industries?

State capitalism with American characteristics.

As usual, capitalism in decay will rely on the bourgeois state to rescue it from the horrendous inefficiency of markets under a privately dominated economy. This is the correct stance, moreso than the tarriff nonsense, but the US Empire is an imperialist bourgeois dictatorship and as such nationalization needs to be analyzed within that context. The US Empire isn't a socialist state like the PRC, it isn't owned and run by the workers.

Broken clocks n what not