How Elon Musk’s Plan To Slash Government Agencies And Regulation May Benefit His Empire

Earlier this month, Musk and former Republican presidential candidate Vivek Ramaswamy were tapped by Trump to lead a government efficiency group called the Department of Government Efficiency, or DOGE. This government group, they said, will “pursue three major kinds of reform: regulatory rescissions, administrative reductions and cost savings.” As head of the Department of Government Efficiency, Elon Musk has promised to slash $2 trillion from the federal budget. One way he’s suggested doing this is by consolidating some of the country’s over 400 federal agencies, many of which regulate his companies. Musk’s empire includes aerospace firm SpaceX, electric vehicle maker Tesla, social media company X and artificial intelligence startup xAI among others.

Chapters:
1:55 Government cash
6:15 Relaxing regulation
13:55 China challenge

Produced by: Magdalena Petrova
Edited by: Erin Black
Graphics: Christina Locopo, Jason Reginato
Additional camera: Jordan Smith
Supervising producer: Jeniece Pettitt
Editorial support: Lora Kolodny
Additional footage: Getty Images
Additional sources: Federal Register

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How Elon Musk’s Plan To Slash Government Agencies And Regulation May Benefit His Empire

[PatrickRockwell]

How is that not a conflict of interest for a man running several corporations put into position to dictate what agencies and regulations can and can't be implemented, how is that legal???

[gregb]

Boeing was allowed to certify their own planes with less "red tape".

[zumabbar]

you know what, at this point the US might as well just let private equity firms run their government

[theobserver]

SpaceX is not a monopoly it’s simply the best in the game.

[ralphdavid]

US Billionaires are getting richer and richer meanwhile ordinary Americans struggling everyday

[cosmothewonderdog]

The future is going to be AMAZING. For billionaires.

[realtvv]

This is like making a CEO a Union leader 😂😂😂

[alviverdeus]

Imagine being a $35k per year dullard who thinks this man is out to help you. 🤦‍♂️🤦‍♂️🤦‍♂️

[DiamondFlame]

The US no longer pretends it’s not a Corporatocracy 😂 You think businesses in good faith are going to regulate themselves?

[orangejuiceyyy]

Classic billionaire move: soak up government contracts/dollars to build up your corporation, then complain about "government inefficiencies" to prevent the average person from benefitting from the system YOU took advantage of

[noblehazards]

So instead of investing into programs to reduce poverty and end systemic issues and endless wars, we’re giving a billionaire the keys to regulate himself and his trillion dollar companies. Right.

[sumitomoOO]

So great that billionaires will run our country for the benefit of poor people, billionaires have a heart of gold

[trancendental]

Imagine being the richest person in the world and CNBC still clowns on you.

[headyhere]

Why is no one calling out the elephant in the room? This will cause corruption with government benefiting a particular CEO.

[ModernCowboy]

Oh and Musk isn't running doge its a shared position with Vivek and they are not making any money. Get over yourselves people!

[unikornkontroller]

Remember this is the guy who was critical of the ordinary Joe doing WFH and how unfair it was. This guy who will have unfettered influence on the president to steer policy in his favor is calling WFH unfair. I hate this guy.

[evielknievel]

Even the trumpeteers are going to regret voting for clown and his circus.

[williamgibbs]

More efficient for who? These dudes bragging about firing people for wanting better pay. Trump and Elon for the common man. Hilarious.

[Mike-ewns]

THANK GOD FOR VIVEK AND ELON WE ARE VERY LUCKY. THEY ARE BOTH HEROES IN MY BOOK

[pfigueiredoytb]

I had to stop watching this video after 10 mins. The only purpose of this video is to bash Elon and its companies (while looking friendly), by only focusing on the "possible negative things" that might happen in the future, while ignoring all the positives that might come from this new Administration.