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On this edition of Parallax Views with J.G. Michael, we explore the powerful financial forces behind Washington D.C.’s most influential think tanks—and how those funding streams may shape U.S. foreign policy and defense strategy. Joining us are Ben Freeman and Nick Cleveland-Stout of the Quincy Institute for Responsible Statecraft to discuss their eye-opening project: the Think Tank Funding Tracker (TTFT).

The TTFT is designed to bring much-needed transparency and accountability to the world of policy influence, exposing the financial ties between think tanks and their funders. Specifically, we look at three major sources of funding:

U.S. government funding, led by the Department of Defense

Foreign government contributions, including major donors like Saudi Arabia and Qatar

Defense contractor money, with Northrop Grumman leading the charge

Think tanks play a vital role in shaping public policy through research, analysis, and recommendations. But as Ben and Nick explain, financial backing can create conflicts of interest and biases that may influence the narratives and policy prescriptions these institutions offer. Some think tanks rank high in transparency—others, particularly those with more hawkish foreign policy stances, score a troubling zero.

We also address the issue of “dark money” think tanks, declining public trust, and how the TTFT includes concrete policy recommendations to encourage better disclosure practices. The conversation highlights the need for vigilance in understanding who is funding the experts shaping public debate and decision-making.

One key case study we explore is the Atlantic Council, a major D.C. think tank whose funding sources exemplify the complex web of influence at play in the policy space.

If you’re interested in U.S. foreign policy, military-industrial complex dynamics, Middle East geopolitics, or political influence in Washington, this is a must-listen episode that breaks down the often unseen forces shaping global affairs.