On a note related to the Gaza scheme discussed in my last post, Trump wants to create a sovereign wealth fund to use for strategic investments inside and outside of the country. Never mind that there is no revenue source for such a fund or any authorization from Congress–he is planning for it anyway.
Putin runs Russia largely by controlling access to its natural resources. It is a neo-feudal state in which underlings get rich by successfully competing for his approval. Given the size and complexity of the American economy, I never thought anything like it would be possible here, but between the new sovereign wealth fund (controlled, of course, by the omniscient developer-in-chief) and the power to create exemptions and compensation schemes for favored businesses relating to tariffs, we will be moving in that direction.