Elon Musk is a person that forces us to ask the timeless query first put to us by graphic novelist Alan Moore; who watches the watchers? The New York Occasions as an excellent breakdown of all of the harm this overpowered and over-wealthy particular person might have ought to Trump each take the White Home and maintain his promise to place his rich donor able of energy.
Musk is probably the most rich individual on the planet — in all probability in all of human historical past — which already provides him an nearly limitless quantity of energy. He’s additionally had a ton of run-ins with regulatory our bodies, from the Securities and Alternate Fee to the Environmental Safety Company and now the Nationwide Freeway Security Administration. Now that he’s full-throat backing Trump nonetheless, even the weak federal checks on his machinations might quickly go by the wayside:
Elon Musk’s affect over the federal authorities is extraordinary, and terribly profitable.
Mr. Musk’s rocket firm, SpaceX, successfully dictates NASA’s rocket launch schedule. The Protection Division depends on him to get most of its satellites to orbit. His corporations have been promised $3 billion throughout almost 100 totally different contracts final yr with 17 federal businesses.
His entanglements with federal regulators are additionally quite a few and adversarial. His corporations have been focused in a minimum of 20 current investigations or critiques, together with over the security of his Tesla automobiles and the environmental harm attributable to his rockets.
Given Mr. Musk’s immense enterprise footprint, he shall be a significant participant irrespective of who wins the election.
However he has thrown his fortune and energy behind former President Donald J. Trump and, in return, Mr. Trump has vowed to make Mr. Musk head of a brand new “authorities effectivity fee” with the facility to suggest wide-ranging cuts at federal businesses and adjustments to federal guidelines.
That will primarily give the world’s richest man and a significant authorities contractor the facility to manage the regulators who maintain sway over his corporations, amounting to a probably huge battle of curiosity.
By a assessment of courtroom filings, regulatory dockets and authorities contracting information, The New York Occasions has compiled an accounting of Mr. Musk’s multipronged enterprise preparations with the federal authorities, in addition to the violations, fines, consent decrees and different inquiries federal businesses have ordered in opposition to his corporations. Collectively, they present a deep net of relationships: As an alternative of getting into this new function as a impartial observer, Mr. Musk can be passing judgment on his personal prospects and regulators.
NASA, the Departments of Protection, the Inside, Transportation, Commerce, Homeland Safety — the man is a major power in all of those and extra already. Ought to Trump win, an unelected Musk would possibly achieve the power to squash anybody who would possibly stand in his method. His outsized affect is already inflicting issues:
One such instance was the take a look at launch this month of Starship, SpaceX’s latest rocket. NASA has agreed to pay the corporate as a lot as $4.4 billion to take astronauts to the floor of the moon on two future missions — though the dates will rely upon when all of the gear is prepared. Up to now, Starship has not flown any people.
However the Federal Aviation Administration held up this most up-to-date take a look at launch for weeks, partly due to questions on hurt SpaceX has brought on to wildlife close to its Texas launch web site, a delay that infuriated Mr. Musk.
“We proceed to be caught in a actuality the place it takes longer to do the federal government paperwork to license a rocket launch than it does to design and construct the precise {hardware},” SpaceX mentioned in an announcement.
This wouldn’t be the primary time {that a} wealthy individual tried to get their fingers on the levers of energy within the U.S. with out profitable an election. In 1933, the Enterprise Plot would have seen rich businessmen overthrow president Franklin D. Roosevelt and set up a Nazi-friendly army dictatorship, as an illustration.
Regardless of who you might be voting for, handing any single individual this a lot energy is a horrible concept. Head over to the New York Occasions to learn extra.
