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Opinion Voices | Contributor: Despite being overrun by businessmen, D.C. is anything but business as usual by Veronique de Rugy

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The article argues that a wave of venture‑capital and tech entrepreneurs now embedded in the Trump administration—such as Commerce Secretary Howard Lutnick, former IPO leader Michael Grimes, and the head of the U.S. International Development Finance Corp.—are mistakenly treating government like a private‑sector investment firm. While they bring market‑savvy expertise, they overlook the fundamental differences between profit‑driven businesses and political institutions, which lack clear price signals, profit incentives, and personal accountability. By insulating themselves from the consequences of bad bets and using billions of taxpayer dollars for “strategic” investments, they risk repeating the same misallocation and cronyism that a free market would punish. The piece warns that replacing market discipline with political decision‑making—whether to cut waste or fund large‑scale projects—will inevitably damage the economy, regardless of who runs the government.

#HowardLutnick #DFC #ElonMusk #GovernmentEfficiency #BeltandRoad #MichaelGrimes

Contributor: Despite being overrun by businessmen, D.C. is anything but business as usual

If a massive federal government cannot efficiently regulate industries, it cannot efficiently invest in them. Somewhere between Wall Street and Washington, this insight got lost.

Los Angeles Times

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MrWtr0102 Mar 14, 2025

🧵 5/

Table of #DOGE members.

(21 - 25) (of 68)

From #Wikipedia: https://en.wikipedia.org/wiki/Department_of_Government_Efficiency#DOGE_members

21) #JustinFulcher, Liaison, #VA

22) #JoeGebbia

23) #AmyGleason, Acting Administrator of #USDS and #USDSTO, USDS

24) #AntonioGracias, Musk ally

25) #MichaelGrimes, #DOC

Department of Government Efficiency - Wikipedia

Benjamin Carr, Ph.D. 👨🏻‍💻🧬Mar 10, 2025

#ElonMusk ally, #MichaelGrimes, a former Morgan Stanley banker, leading #CHIPSAct office purge — only 14% of original staff remain after dismissals
CHIPS Act is largely disbursed, so we don’t expect any more companies to receive awards through the CHIPS Act. How Washington will disburse the billions of dollars that were already awarded to various companies but haven’t been released yet will ultimately become the work of remaining 22 staffers left in the CHIPS Act office
https://www.tomshardware.com/tech-industry/elon-musk-ally-leading-chips-act-office-purge-only-14-percent-of-original-staff-remain-after-dismissals

Elon Musk ally leading CHIPS Act office purge — only 14% of original staff remain after dismissals

Only 22 staffers are left in the CHIPS Act office

Tom's Hardware

⚯ Michel de Cryptadamus ⚯Mar 5, 2025

#ElonMusk's banker #MichaelGrimes is going to lead the new US sovereign wealth fund.

coming soon: the US Strategic #TSLA Reserve

(nevermind the fact that governments traditionally only have sovereign wealth funds when they have budget surpluses...)

#tariffs #Uspol #Trump #MAGA #Tesla