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Something major is happening in Washington that every patriotic, hardworking American needs to understand: the federal government has quietly begun taking equity stakes in strategic companies — from semiconductors to critical-minerals firms — and calling it national security. This isn’t mere partnership; it is ownership by another name, and it sets a dangerous precedent of the state inserting itself into boardrooms and board decisions.
The specifics are impossible to ignore: reports show the administration moving toward a roughly 10 percent stake in Intel while the Defense Department and other agencies have backed investments in rare-earth and lithium producers such as MP Materials and Lithium Americas, and even a stake in Trilogy Metals has been discussed. What once would have been an emergency bailout tool has become a peacetime industrial policy of picking winners and printers of political favors.
Steve Forbes — a longtime champion of free enterprise — sounded the alarm on October 10, warning that this creeping pattern of government ownership and pressure is nothing less than modern socialism dressed up with patriotic language. Forbes has been consistent in critiquing the regulatory and political chokehold that replaces markets with mandates, and now he’s pointing to direct equity and revenue-sharing deals as the next step down that slippery slope.
Those who cheer these moves as “strategic” should listen when the players themselves boast about them: the White House has openly embraced similar equity deals and revenue-sharing arrangements, and the president has bragged he’ll make deals like this “all day long.” If a Republican president can normalize government ownership of private enterprise during his term, rest assured a future Democratic administration will wield these tools even more aggressively to advance ideological ends.
This isn’t abstract theory; it’s the practical replacement of market signals with political signals, where lobbyists, donors, and well-placed insiders get advantaged access while entrepreneurs and small businesses get priced out. Conservatives must make a clear choice: defend the capitalist engine that built America or concede the economy to a government that will inevitably politicize investment, choke innovation, and reward cronies.
There is room for legitimate national-security measures, but national security must not be the fig leaf for expanding permanent government ownership and control over the private sector. Patriots should demand transparency, sunset clauses, strict protections for shareholder rights, and a commitment to return these stakes to private hands once the strategic objective is met — otherwise we will wake up to an America where politicians, not customers, determine success.
