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by JumpCrisscross 384 days ago
> Elon threatened to take his ball and go home in a literally life threatening (to astronauts) way after making SpaceX an essential aspect of the space program

It’s sort of a given in American capitalism that owners are free to be idiots with their money. Nationalising SpaceX would wipe hundreds of billions of dollars of wealth to zero (or close to it). That’s a taking of private property triggered by the personal animus of the President; that characterises Argentina more than America. It would absolutely freak investors out, because now you need to diversify your assets geopolitically in a way Americans aren’t used to (but Argentinians, Russians and Chinese are).

Better: target Elon personally. Yank his credentials. Force him to revoke his super voting status, potentially trim his shareholding.

> Elon also unintentionally gave everyone a pretty good reason to reconsider if its a great idea to allow any privatized entity to become "too big to fail" (or, more exactly, too big to easily replace if their CEO goes crazy) within any important government function

We’re overdue for antitrust reform. The Whigs, in particular, were animated by concerns around undue concentrations of power.