26 Companies. One Shareholder. Has America Quietly Built Sovereign Stakeholder Capitalism?
The US government now holds equity stakes in 26 companies, with OpenAI reportedly next in line. This isn’t a bailout β it’s a structural shift toward Sovereign Stakeholder Capitalism, where Washington is simultaneously regulator and shareholder. The result is a system that mirrors China’s state capitalism, wrapped in American branding, and riddled with conflicts of interest that nobody is talking about.