Is America still capitalist?

President Trump is threatening CEOs, nationalizing the steel industry, and demanding a cut of Nvidia's profits. There's a term for all that — and it's not "free-market." This episode was produced by Miles Bryan, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Noel King. Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. Transcript at vox.com/today-explained-podcast. President Trump addressing steelworkers at the US Steel Corporation Irvin Works facility in West Mifflin, PA. Photo by Rebecca Droke/Bloomberg via Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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