What Happened
Defense Department Takes Unprecedented Ownership in Companies
The Pentagon is expanding its role in the private sector by taking equity stakes in companies, a move that has raised concerns about the blurring of lines between the military and corporate worlds. The investments, overseen by the Office of Strategic Capital and the Economic Defense Unit, are aimed at supporting national security and military preparedness. This development has sparked comparisons to the Iran-Contra affair and raises questions about the potential for unchecked power and corruption. The story was first reported by CounterPunch.