It Could Happen Here How the State Created Elon Musk
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Mar 10, 2025 Mia and James dive into the intricate relationship between the neoliberal state and Elon Musk's monumental rise to wealth. They examine how state support shaped innovations and market dynamics, including Tesla's controversial profits from carbon credits. The discussion also highlights the financial strategies behind Musk's ventures, revealing the reliance on government backing. Additionally, they touch on the broader impact of tech-driven wealth disparities and the urgent need to empower workers in the evolving economic landscape.
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Neoliberalism and the State
- Neoliberalism, contrary to popular belief, doesn't shrink the state.
- It uses the state to create and control markets, often through regulations and interventions.
Carbon Credits and Tesla's Profits
- Tesla profits significantly from selling carbon credits, not just cars.
- This allows other car companies to pollute more, hindering climate progress.
Government Funding of Tesla
- Tesla received substantial government funding, including a $465 million loan in 2010.
- This, alongside other contracts, saved Tesla from near collapse.