As co-chair of Trump’s ‘Department of Government Efficiency’, the world’s richest man is likely to get richer

Summary

Elon Musk, the wealthiest person on Earth, faces significant conflicts of interest with the federal government across six areas tied to his business empire:

  • Tesla is under investigation for autopilot safety issues and labor violations.
  • SpaceX relies on billions in federal contracts while facing environmental scrutiny.
  • X (formerly Twitter) is under SEC investigation for stock manipulation and data privacy concerns.
  • xAI faces accusations of environmental racism and lacks AI regulation.
  • Neuralink is scrutinized for unethical animal testing by the FDA.
  • Musk’s cryptocurrency holdings are subject to financial oversight, including fraud and tax regulations.

Critics warn Musk’s proposed “Department of Government Efficiency” could weaken accountability and benefit his ventures by reducing regulatory oversight.

  • Flying Squid@lemmy.world
    521·
    10 days ago

    When you can buy yourself a government for a tiny fraction of your wealth, you have no conflicts of interest. You are the only interested party.

    • disguy_ovahea@lemmy.world
      17·
      10 days ago

      What’s worse, is he made it back and then some. His net worth increased by $104B within 30 days of the election.