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Pro Analysis

Breakingviews' Cox: Public company capitalism meets its match in Trump

President-elect Donald Trump(R) and Vice President-elect Governor Mike Pence visit the Carrier air conditioning and heating company in Indianapolis, Indiana on December 1, 2016.
Timothy A. Clary | AFP | Getty Images
President-elect Donald Trump(R) and Vice President-elect Governor Mike Pence visit the Carrier air conditioning and heating company in Indianapolis, Indiana on December 1, 2016.

Capitalism takes many guises around the world. In Italy, it has a family twist. In France, the state plays a starring role. Japan tries to achieve consensus with government, conglomerates, salarymen and society at large. China's Communist Party dubs it socialism with Chinese characteristics. In Germany, labor gets a voice. America's model puts the stockholders of public companies front and center. Until now.