"This is the discussion I used to have with Elon all the time. He'd come in the West Wing. He'd want all these guarantees on the button. I said: Dude, you don't understand. You're asking people that make 42,000 bucks a year to essentially get all these tax breaks.' They're financing what the venture capitalist should finance, so therefore, you're gonna own less of Tesla, right? Their returns are gonna take longer and maybe be lower, so they're gonna want even more."
"What young people in this country being logical have looked around [and] they haven't actually seen capitalism at work, they've seen crony capitalism or corporatism with the devil take the hindmost approach. It has to stop, Bannon said. He continued: This is why young people don't believe in capitalism, because you know what that is not capitalism, that's corporatism. He added: So what young people in this country, being logical, have looked around, they haven't actually seen capi"
Elon Musk sought government-backed incentives and guarantees for Tesla and other ventures to mitigate investor risk through tax breaks and public financing. Critics contend those measures shift risk onto taxpayers who earn modest incomes while private investors and executives retain profits and upside. Opponents argue such socialization of risk can lengthen and reduce returns for ordinary investors, prompting demands for greater private financing discipline. Observers link visible cronyism and corporatism to declining faith in capitalism among younger Americans, who perceive unequal risk-reward dynamics rather than competitive free-market outcomes. Calls follow to stop practices that socialize risk and concentrate gains.
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