Lawrence Solomon: How Tesla’s Elon Musk became the master of fake business

Elon Musk – Corporate Welfare Queen

The fastest-growing industries over the last two decades have been fake industries, those that thrive despite having few customers willing to buy their products except at fire-sale prices. The fake industries all have the same angel investors — governments — and the same promoter touting their wares — again governments. These fake industries, the brainchild of subsidy entrepreneurs, also tend to be dazzlers, the better to wow their politician backers and the stock market speculators betting on cash flows of government subsidies.

Today’s fake-industry leader is Tesla, the electric car developed by subsidy entrepreneur Elon Musk, who also heads SolarCity and SpaceX, other government darlings.

  • BillyHW

    Biggest rent-seeker in the entire world.

    • terrence22

      and probably the most successful – $5 billion USD is a lot of money

      • BillyHW

        I wish I was that good at collecting welfare.

    • Brett_McS

      Strictly speaking a rent-seeker is one who seeks income without working. I’d bet that Musk works 80 hour weeks.

      • simus1

        Rent-seeking is the use of the
        resources of a company, an organization or an individual to obtain
        economic gain from others without reciprocating any benefits to society
        through wealth creation. An example of rent-seeking is when a company lobbies (AS IN CORRUPTS) the government for loan subsidies, grants or tariff protection.

  • Gary

    I’ve been waiting for the CRA to go after the FAKE Charities that are really and extension of the NDP and Liberal Party where they set the tone for the Election by a FAKE crisis they done wan’t solved.
    Today the ‘ Refugee Industrial Complex ‘ is a big money making business for White Liberals that own the rental property the refugees move into .
    Lawyers love it and get rich too, Dentists know that they get full coverage and can sell them the high profit implants or bridge work .

    Just last week I heard the rep from OCAP want higher taxes to fund more homeless shelters but not a word about the 300,000+ illegals in Toronto and Justin’s flood of refugees that are guaranteed Housing.
    Watch for these refugees to read about Khadr’s $10 million settlement for Human Rights Violations and they all get lawyers to sue for $10 million because the food and beds violated the Human Rights which the SCOC will agree .
    Hmmmm, 75,000 illegals and 25,000 refugees @ #10,000,000.00 each = WTF , well it’s only $1 trillion dollars and that’s okay because Diversity is our strength.

  • Tanya

    Yeh like his snake oil job on the South Australian government to build a battery that will supply all the states power needs for approx. 4min. I mean how dumb are some people?

  • Alain

    The same thing applies to every so-called green energy outfit: solar, wind or whatever.

  • Brett_McS

    Graft is a way of life in most countries other than a few western ones. It’s not surprising that non-US businessmen have an advantage when it comes to connecting to the government teat.

  • simus1

    Real honest warts and all journalism? What the hell just happened?

  • irishrus

    I say we got trouble … trouble right here in River City