The harsh truth is that is totally believable. As the article rightly points out, some of the national/populist strain on the right, including VP Vance, Steve Bannon, and even President Trump, have endorsed more federal government ownership or and involvement with private industries. That's something that some have advocated on FR, and those of us who argue for more limited government have been told we are out of date/out of step with the times. That the idea of limited government that stayed out of the economy as much as possible is a relic of the past.
I see this especially with AI and the cry of “If we don’t do it, China will!”
Crony capitalism really exploded with the pharma companies during the plandemic, and is only going to grow in scale with the ongoing AI tech/gov merger which will be required to keep the AI equity bubble from bursting due to lack of legitimate ROI. The crash of SpaceX and postponements of the IPO’s for the darling AI companies is all you need to see to know to see fed money will be needed to save them, and the plan is to do it before the crash, this time.