Get Aligned or Get Left Behind at the Pentagon

A LinkedIn post shared by George Kollitides, head of the Pentagon’s Economic Defense Unit (EDU), gives it a more troubling meaning. The post by a mining executive described Washington as the “state as limited partner” and declared that “sovereign backing is now a competitive variable.” Companies receiving federal equity investments or debt guarantees, it says, “will have easier access to offtake agreements, permitting support, and follow-on institutional capital.” Meanwhile, “projects without state alignment will face higher hurdles, regardless of grade or jurisdiction.” Those words came from the mining executive, but Kollitides chose to amplify them. Read alongside Feinberg’s warning, they...