Why would Musk do this? It seems notable that one of Musk’s heroes is the current president of Argentina, Javier Milei, who has been credited with taking a “chainsaw” to the nation’s government. Milei, an avowed “free market,” “anti-woke” libertarian, took office in December of 2023, and has instituted what he calls an “austerity” budget, characterized by economic “shock treatment.” This strategy has involved making deep cuts to government spending on social welfare programs, devaluing the peso, and cutting thousands of government jobs, all in the hope of some vague libertarian glowup in the near to far future.
Honestly, “capital flight” is great. Cause the truth about it is the money leaves, but all the actually productive capital stays. The buildings, the land, the machinery, the infrastructure etc etc. Everything the owning class privately owned, stays. They can’t take a hospital, or a naval yard, or a factory, with them when they go 😂
Exactly! It’s an empty threat in isolation. Of course the real threat is that you’ll get embargoed or otherwise undergo economic violence as capitalist owned governments around the world try to make an example of you.
Generally though, capitalist fleeing just means less to take care of when we reclaim our freedom as workers, especially if you prefer non-violence