He has bankrolled elections, stoked riots and ignored laws. We mustn’t make the mistake of playing nice with the world’s richest bully
Elon Musk is, more or less, a rogue state. His intentions are self-serving and nefarious, and his nation-state level resources allow him to flout the law with impunity. To put it into context, if dollars were metres, Musk’s money would be enough to take him to Mars and back, while a mere millionaire could only make a round trip from Paris to Amsterdam.
The sheer immorality of any one person possessing so much wealth is obvious to most people with basic amounts of empathy. But when it comes to Musk and the other 14 people worth more than $100bn, the morality of it is almost a secondary concern. Their individual wealth is a society-distorting threat to democracy in the same way that economics has always recognised monopolies to be dangerous to a functional market.
Alexander Hurst is a Guardian Europe columnist
Continue reading...