1. United States
2. Va.
3. Letter

The consolidation of power by wealthy individuals like Elon Musk, who controls companies valued at over $1 trillion across industries like electric vehicles, space exploration, and internet services, threatens fair competition and democratic principles. His growing influence, with Tesla dominating 65% of the US EV market and SpaceX's Starlink aiming to provide broadband internet globally, raises concerns over private interests impacting public infrastructure and agencies like the FCC. Musk should not be allowed to have control in the FCC to take control of Internet and phone laws and unfairly gain access to government contracts against the Federal Acquisition Regulation. A 2021 report found the wealthiest 1% captured 38% of new global wealth. Monopolistic practices stifle innovation, harm consumers through higher prices and limited choice. Undue corporate sway subverts regulatory bodies meant to serve public interests. Prioritizing ethical governance against regulatory capture, aligned with public good over narrow oligarch agendas, fosters a level playing field vital for thriving democracy and fair trade economy benefiting all, not just the ultra-wealthy's whims.