Musk’s business is not primarily cars or solar panels. It’s taxpayer financed subsidies.
The interests of a relatively small group of very powerful people define the direction of our government. This has always been the case to a greater or lesser extent. As it is often said it is the rich and powerful (often the crony rich) who get us into wars. It is the poor and middle class who fight these wars and who die and are maimed. Very few of the rich know the shriek of an artillery shell.
Elon Musk is the most likable of the big time crony capitalists but he is absolutely a crony capitalist. Looks like the crony prince has charmed another president.
That was 2013. Times have changed.
Elon is the most likable of the big time crony capitalists but he is a big time crony capitalist none-the-less.
I have to admit I do love the gull wing doors. However the last taxpayer backed car with gull wing doors didn’t do so well.
We’ve said before that Elon Musk isn’t a crony king (other people hold that crown) but more of a crony prince. But he is a crony to be sure (no matter how much good press he gets) as many of his most famous endeavors hinge on government (taxpayer) funding. Tesla,
“I’m sorry Elon, but I can’t let you do that.”
The SpaceX website says: “SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets.” U.S. taxpayers shouldn’t be on the hook for space travel and other ideas of private purpose that won’t benefit many, if any, taxpayers.
Musk is a billionaire many times over.
Indeed that is true Mr. Musk. Consider us part of that feedback loop.
I actually wouldn’t call Musk a crony “king.” He’s more of a crony prince. But he is a crony there is no doubt, even if many of the companies with which he is associated do interesting things.
Elon Musk, as likable a guy as he is and as cool as his cars are, is a big time crony capitalist. In fact, as the LA Times reports, crony capitalism is absolutely vital to his various business plans. Taxpayer money is what keeps Musk’s companies going.
Crony capitalism stinks all the away around but when young innovative companies engage in it it’s especially frustrating. Elon Musk, Mr. SpaceX and Mr. Tesla, has long benefited from the goodwill of the American (or in this case Texas) taxpayers.
I once almost literally stumbled into a Tesla dealership. I was walking back to the Metro after a lunch meeting somewhere in Downtown Washington DC when I looked over and in the bottom floor of a mirrored glass building were 2 Teslas and a salesman.