Sunday, March 29, 2026

Is State Capitalism Best Way to Compete with China for Critical Minerals?

 The Washington Post published on 28 March 2026 an editorial titled "Yet Another Step Toward State Capitalism."

The US International Development Finance Corporation has taken a 20 percent stake in a graphite mine in Mozambique to counter China's control of the world's supply of graphite.  This is a tactic the Trump administration has used in other deals to control critical minerals.  The editorial asks if this is the best use of taxpayer funding when they will be left holding the bag if the company fails.