Isn’t musk becoming a single point of failure risk?
I wrote this in 2021: Billionaires: Our Single Point of Failure https://metastable.org/billionaires/
That's a nice thought but the problem, as we've now shown, is that any organization of humans will by definition become corrupted, the state will grow unless constrained, and any system is imperfect and can be gamed.
What is the place of the state, traditionally empowered through a monopoly on violence, in a multinational world? Right now, it's just a tool to be abused by the wealthy, and by extension to confound and entrap the masses. Can you believe they still teach nationalism? Populism should have been excised from education after the 20th century's tragedies, but instead it seems to have redoubled.
In future perhaps we'll have a dictatorship of AI to keep the humans in check, but the clear danger is that such a system would present too much value not to be usurped and abused.
Democracy in the utopian theoretical sense was supposed to be based upon popular education and representation. We could work towards improving the former with AI and more effective (not child minding oriented) personalized education programs, and the latter with more frequent referendums. Right now we have the opposite: laziness, lack of education, active misinformation, and near zero viable means for meaningful representation even in self-labelled democractic societies. It is no wonder so many people self-medicate.