"TAE, backed by Alphabet’s Google and Chevron, the oil giant, is aiming to develop and sell next-generation neutral beam systems for fusion and related applications in a more cost-effective manner."
“State capitalism” would imply it serves the overarching interest of the state. Pretty sure this is just good old-fashioned graft. If Chevron and Google want to go about their business, then you have to pay the mafia don his vig. Just like the last administration, and probably a lot like what the next one will be like.
Feels like "State Capitalism":
"TAE, backed by Alphabet’s Google and Chevron, the oil giant, is aiming to develop and sell next-generation neutral beam systems for fusion and related applications in a more cost-effective manner."
Another source: https://www.theguardian.com/media/2025/dec/18/truth-social-m...