The U.S. federal government spends 7,000 billion dollars per year. Elon’s entire fortune, accumulated over 30 years of work, represents 52 days of Washington’s spending. The French state spends 1,700 billion euros per year, 57% of GDP, the absolute record in the developed world. Elon’s fortune is 7 months of French public spending. Now, the question no one is asking: what has each one produced with that money? Washington, with 7,000 billion per year: a deficit of 1,800 billion, a debt of 38,000 billion, and debt interest that now exceeds the military budget. Newsom’s California has burned through more than 15 billion on a high-speed train that doesn’t exist. NASA has spent more than 24 billion to develop the SLS, a disposable rocket at 4 billion per launch. France, with 1,700 billion per year: a hospital system in permanent crisis, a school system collapsing in international rankings, 3,400 billion in debt, and not a single world-class tech company created in 25 years. Elon, with a microscopically small fraction of those budgets: the Falcon 9 developed for about 400 million dollars, where NASA itself estimated it would have cost them 4 billion. Ten times cheaper. Rockets that land. The cost per kilo in orbit divided by 20. Starlink connecting millions of people forgotten by land-use planning for 40 years. Tesla forcing the entire global auto industry to switch to electric, something 30 years of COPs and subsidies failed to achieve. So let’s recap. States have means 10 to 50 times greater, the monopoly on law, the monopoly on taxation, and decades of head start. Elon has far fewer resources, zero coercive power, and he outperforms everyone, in every field he enters. It’s not a coincidence. It’s structural. When an entrepreneur allocates his own money, every mistake costs him personally, so he learns fast. When a bureaucrat allocates other people’s money, every mistake is invisible, diluted, and often rewarded with an extra budget the following year. One has a feedback loop, the other doesn’t. The conclusion imposes itself: the power to create systems in the real world must ALWAYS be given to entrepreneurs who allocate their own money. Not because they are morally better. Because they are the only ones who pay the price of their mistakes, and therefore the only ones capable of correcting them. Milei has understood EVERYTHING. Rewatch his Davos speech. “The state is not the solution, the state is the problem itself.” Everyone laughed in 2024. Argentina has escaped hyperinflation while France is still looking for 40 billion in savings it will never find. History doesn’t judge intentions. It judges allocation.
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