this post was submitted on 13 Dec 2024
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News

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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.

top 17 comments
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[–] FlyingSquid@lemmy.world 51 points 1 week ago (1 children)

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 points 1 week ago

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

[–] Nougat@fedia.io 28 points 1 week ago (3 children)

Isn't Elon made of flesh and blood, and also a CEO?

[–] tiefling@lemmy.blahaj.zone 5 points 1 week ago

He's proof that being a CEO doesn't actually require any amount of work

[–] bamboo@lemm.ee 4 points 1 week ago

Truly anyone who frames this as a hard problem to solve must be self-limiting.

[–] CitizenKong@lemmy.world 2 points 1 week ago

No, you don't understand, he is now parading his youngest kid everywhere (while neglecting all his other children), so he's totally relatable and also totally not using a human being as a prop!

[–] PoopSpiderman@lemmy.world 13 points 1 week ago

Gotta love an oligarchy…

[–] nova_ad_vitum@lemmy.ca 11 points 1 week ago (2 children)

Conflicts of interest are not something that matter anymore. I think they should matter, but American voters have decided that they don't. Not much point in discussing it.

[–] foggy@lemmy.world 6 points 1 week ago* (last edited 1 week ago) (1 children)

Getting sick of this defeatist attitude on Lemmy.

There is absolutely still a point in discussing. For fucks sake.

Edit: sorry to single homie out, it's not them, it's an air on the platform. Just hijacking this comment for visibility. Sorry Holmes.

[–] catloaf@lemm.ee 0 points 1 week ago (1 children)

What, pray tell, is the point of discussing it here?

[–] theneverfox@pawb.social 0 points 1 week ago

Finding the right words to get apathetic people to care

[–] whotookkarl@lemmy.world 3 points 1 week ago

Yeah this assumes some sort of constitutional rule of law universally applied and social contract, neither exist anymore when anyone is above the law

[–] elgordino@fedia.io 10 points 1 week ago
[–] AmidFuror@fedia.io 3 points 1 week ago

Now do Trump.

[–] Xatolos@reddthat.com 2 points 1 week ago

Only six?

Why not just do a top ten list?

[–] ramsorge@discuss.online 2 points 1 week ago

Vivian could get close enough to poison him.

[–] affiliate@lemmy.world 2 points 1 week ago

i’m sure that with a few more warnings from experts that all these problems will go away