DOGE Days Done

During a White House press conference, Donald Trump publicly praised Elon Musk, amidst widespread financial difficulties for Musk's business empire, specifically referencing his exit from DOGE (presumably Dogecoin). The article details Musk's declining wealth, citing significant losses attributed to his acquisition of Twitter/X. It argues that Musk's wealth and influence were built on unsustainable speculation and government subsidies. The article further asserts that the financial woes of Musk are not an isolated case, but rather indicative of a broader crisis within the financial system, pointing to the instability of other technology companies. The piece criticizes the close relationship between political figures and powerful executives, especially regarding Musk. It connects this relationship to a larger crisis in the capitalist system, marked by growing inequality and declining living standards for the working class. The article characterizes Musk's business ventures as ultimately enriching the elite while creating precarious jobs with poor conditions for ordinary workers. Ultimately, the article frames Musk's troubles as a symptom of a wider economic system on the verge of collapse, benefiting a small percentage of the population at the expense of the vast majority. find the original article here: https://www.wsws.org/en/articles/2025/05/31/bykj-m31.html