“I think the kind of capitalism Trump has is crony capitalism,” Italian economist Mariana Mazzucato told Politico. Corporate welfare causes monopolies to develop; monopolies are bad because consumers don’t get cheaper and better products, while companies don’t have outside pressure to innovate. If companies don’t innovate, other countries with better industrial policy and ambitious companies will eat America’s lunch. “And I don’t think there is, under Trump’s administration, any policy that is kind of future and opportunity-oriented around innovation,” she said. More on Trump: Trump Admin Says It’s Not Bailing Out the AI Industry Regardless of How Hard It Crashes