How the richest person in the world is reshaping Washington
Feb 11, 2025
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Vittoria Elliott, a Wired reporter focused on Elon Musk's sway over the U.S. government, joins Frank Vogel, co-founder of Transparency International and corruption expert. They delve into Musk's unprecedented access to the Treasury and its potential risks, including unauthorized access to sensitive data. The duo highlights critical concerns over the intersection of tech wealth and democracy. They draw unsettling comparisons to historical authoritarianism, emphasizing the urgent need for oversight to protect democratic values from the encroachment of powerful business interests.
Elon Musk's team gaining access to U.S. Treasury systems raises alarming concerns over federal financial integrity and personal data security.
The dismantling of critical agencies under Musk's directive threatens consumer protection and raises questions about accountability in government operations.
Deep dives
Access to the Treasury's Payment System
The recent development of Elon Musk's team gaining access to the U.S. Treasury's payment system raises serious concerns regarding the integrity and security of federal financial operations. Musk’s associates demanded control over the intricate systems that manage vast federal payments, which include Social Security checks and other crucial financial transactions. Former Treasury officials were alarmed by this request, as it essentially places oversight of trillions of dollars into the hands of a private entity with no accountability. The implications of such access compromise the safeguarding of sensitive personal data and create risks that potentially expose it to adversaries.
Potential Underlying Risks and Legal Ramifications
The access granted to Musk's associates also poses significant legal implications as it contradicts established protocols regarding who is authorized to manage federal financial systems. This breach of protocol could be viewed as unlawful, as it allows for potential alterations to authorized payments that Congress has mandated. Elon Musk’s plans to cut the national deficit by reducing payments raises questions about the legality of his actions since such financial decisions are typically reserved for legislative approval. This not only undermines the democratic process but could also lead to severe ramifications for individuals who depend on these payments.
Impact on Government Accountability
Musk's team, intended to enhance efficiency within the government, appears to be dismantling critical agencies such as the Consumer Financial Protection Bureau and USAID. These organizations have previously played a vital role in protecting consumer rights and facilitating essential services. Their dissolution under Musk’s directive eliminates accountability measures and oversight functions that safeguard against financial malfeasance. The rapid restructuring of these institutions raises alarms about who is truly benefiting from these changes and whether they contribute to a systematic erosion of public trust in government.
Concerns Over Government Plutocracy
The overarching fear stemming from these developments is the emergence of a plutocracy, where wealthy individuals exert disproportionate influence over government operations. Critics liken this situation to historical precedents where oligarchs have used their power to manipulate political systems for personal gain, creating a dangerous precedent for democratic governance. As federal employees report discomfort and lack of transparency around Musk's actions and their implications, the integrity of public service comes under question. This growing unease suggests that democracy may be compromised when substantial financial interests dictate governmental functions, potentially undermining fundamental democratic principles.
Elon Musk is rapidly dismantling or taking control of government agencies during President Trump’s first weeks in power. But is he or Trump in control?
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