ABSTRACT
Trump as both embodiment and driver of the globalization of real estate. Far from being geniuses of the private market, the Trump Corporation benefited mightily from public policies. Stein traces the history of the family's relations with real estate, starting with Friedrich Trump's migration to the U.S. in the early 20th century and Fred Trump's empire in Queens. A racist slumlord, Fred provided the wherewithal to launch the Donald into the business as a tycoon profiting from government-subsidized housing. Trump mastered the art of the public-private partnership, and globalized the empire.
