Crony capitalism is dead in Washington! Long may crony capitalism prosper worldwide under Donald Trump!
On Monday Trump postponed his promised announcement of his plan for what will be the moment of truth for his brand of crony capitalism, in which he will finally say what he will do with his family business while he is in the White House (see Donald Trump's Conflicts of Interest and What Happens to Trump's Businesses When He Becomes President). He Tweeted that evening that "I will be leaving my businesses before January 20th so that I can focus full time on the Presidency. Two of my children, Don and Eric, plus executives, will manage them. No new deals will be done during my term(s) in office." His big decision, widely expected, is a big "so what."
