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Title : Elon Musk, Crony Capitalist
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Elon Musk, Crony Capitalist

By Lee Enochs

Elon Musk is at it again. The billionaire tech magnate continues to teach richer as well as richer on the American taxpayer’s dime, highlighting the postulate to arrive at every bit Murray Rothbard advised of reassessing the “partnership” of regime as well as business.

At outset glance, Elon Musk appears to hold out a quintessential capitalist success story. The South African born-American technology scientific discipline magnet, Pb designer of SpaceX, as well as production architect of Tesla, Inc. is now ranked 25th on Forbes Magazine’s listing of the World’s Most Powerful People, as well as every bit of Feb 2018, Forbes has Musk listed every bit the 53 rd richest someone inward the world.

One mightiness conclude that Musk’s staggering wealth was produced via faithful adherence to the timeless as well as inexorable principles of laissez-faire capitalism, where personal wealth is accrued through the federal regime leaving commerce lonely as well as staying exterior the affairs of individual industry. However, this perception of Elon Musk’s economical independence from regime interventionism is largely a fabrication as well as carefully manufactured distortion since

Musk has personally enriched himself through a whole lot of regime favoritism as well as statist interference inward the individual sector economy.

At this point, Musk has received December 2017 and largest short in the entire U.S stock market.

Yet, similar a catfish that can’t resist shiny novel bait, many American politicians as well as appropriators, enamored alongside fifty-fifty a hint of technological wizardry, but can’t tell no to wasting taxpayer coin on Musk’s latest pet projects that arrive at non deliver every bit promised.

One tin alone hope that the populace volition shortly wake upward as well as realize what Murray Rothbard warned of – that regime exists “precisely to laid upward such ‘partnerships,’ for the arrive at goodness of both regime as well as business, or rather, of for sure trouble concern firms as well as groups that hand to hold out inward political favor.”

Politics is driven past times culture, as well as thence the sooner the American people wake upward to this realization, the sooner a smaller regime footprint volition result. I won’t concord my breath.

The inward a higher house originally appeared at Mises.org.

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