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

Rob Cox
Then-President-elect Donald Trump 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

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.