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🗓️ 22 January 2025
⏱️ 13 minutes
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0:00.0 | Tech giant Elon Musk has been compared to an alien, has called himself a 3,000-year-old vampire, and was once the inspiration for the screen depiction of Marvel superhero Tony Stark. |
0:13.9 | But there is another descriptor following Musk around lately. |
0:17.7 | They're clearly oligarchs. They have concentration of wealth and power. |
0:21.1 | That was former Trump advisor Steve Bannon on his podcast, War Room. He later spoke to my colleague |
0:26.4 | Steve Inskeep on Morning Edition. These oligarchs in the Silicon Valley, they have a very different |
0:31.6 | view of how people should govern themselves. I call it techno-futalism. Banon has been feuding with |
0:36.8 | Musk over immigrant access to work visas in the U.S. |
0:39.7 | But, you know, he's not the only one to warn about the influence of billionaires like Musk. |
0:44.8 | This whole idea may be the only point of agreement between Bannon and former President Joe Biden. |
0:51.4 | Today, an oligarchy is taking shape in America of extreme wealth, power, and influence. |
0:57.6 | That literally threatens our entire democracy, our basic rights and freedoms. |
1:03.1 | Even before Musk was chosen to run Trump's newly created Department of Government Efficiency, |
1:09.1 | he had deep investments in the federal government. |
1:12.0 | Where both the federal government and the rest of the private sector have underinvested, |
1:16.1 | Elon Musk has stepped in and really dominated. |
1:18.5 | That is NPR's tech correspondent, Bobby Allen. |
1:21.3 | 60% of the country's electric vehicle chargers are controlled by Tesla. |
1:26.0 | Another Musk company, SpaceX, operates the only U.S.-made |
1:29.4 | rockets that can send astronauts to the International Space Station. So through Tesla and SpaceX, |
1:35.3 | Musk's companies have been awarded, you know, hundreds of millions of dollars in federal contracts. |
1:40.2 | With the work Musk is doing, sometimes there's no other alternative. So the federal government |
1:44.2 | just can't disentangle itself from the Musk empire. But Musk is not the only billionaire looking |
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