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Samuel Corum/Getty
Europe needs its own Elon Musk
When Robert McNamara moved from running Ford to running the Pentagon at the height of the Cold War, says Janan Ganesh in the FT, it was such a âtragic failureâ that his name is still a byword for the âmisapplication of cold reason to the messiness of public lifeâ. Will Elon Musk, in his quest to ârationalise the stateâ, fare much better? Well, itâs Europe that must hope so, not America. A continent âspent of ideas and confidenceâ is badly in need of a model of reform to emulate. Whatever problems there are with the US government havenât kept it from stunning economic success. Meanwhile Europeâs economies are stuck in a âcircular trapâ of high taxes and low growth. If there is a way out, it is a âredesign of the state from first principlesâ.
Recent history suggests Americaâs example is everything. The turn to industrial strategy under Trump and Biden was imitated in Europe at both national and EU level, and so was the âClintonian mix of open markets and mild redistributionâ that preceded it. This âcringing obsession with Americaâ â most acute among the British elite â is normally a bad thing. On the left it led to the importing of critical race theory and other silly fads (âif only there were tariffs on ideasâ); on the right, it created the delusion that America would do the post-Brexit UK a favour on trade out of some âancestral attachmentâ. But if Musk can work his improbable magic on Washington, that ought to âshock and embarrassâ the British political class, and the rest of the European elite, into badly needed change. As he sets out to boost an âalready rampantâ economy, Europeans should curse him as âthe right man in entirely the wrong placeâ.
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