Again not the richest man in the world<p>Forbes publishes the "rich list" but it explicitly excludes royal families, oligarchs and many other sources of wealth/power
There has been this whole ongoing debate over the last few years as to of we've transitioned from a democratic society to an autocratic one ruled by the rich like Musk, etc.<p>It's interesting to me to think back to my history lessons and all the big industrial revolution companies, and their downfall. There was a time where nearly all the steel in the US and a large part of the world was controlled by one man. From the coal to the iron ore to the rail cars. Same with meat, same with so many other things.<p>At that time it would have seemed impossible to unseat those unbelievably powerful and rich men and companies would be taken down I the way they were.<p>Perhaps we're about to live through a similar time in history.
“Can an arm of the world’s most powerful government stand up to an individual whose lifetime net worth is what that government spends in a few months?”<p>Yes, NPR.
The SEC is a weak organization that can barely figure out the issues that surround shorting non-existent shares. Whatever "justice" seething liberals think would happen from a fine is literally cheaper than him paying the $1b backout fee.<p>I swear the amount of useless drivel that goes around in a "journalists" head is fever dreams. Elon is apparently the equivalent of Satan and his purchase of Twitter is the "end of democracy" when Trump being president was the "end of democracy". Any speculation or forcing of various branches of government to stop the purchase of Twitter is just petty and begs the question just how valuable Twitter is to the political left.