How Silicon Valley’s influence in Washington benefits the tech elite

Elon Musk isn’t the only tech billionaire with power over the federal agencies that regulate his businesses. Since Donald Trump took office, more than three dozen employees, allies, and investors of Musk, Peter Thiel, Marc Andreessen, and Palmer Luckey have taken roles at federal agencies, helping direct billions in contracts to their companies. Companies owned, founded, or invested in by Musk, Thiel, Andreessen, and Luckey have collected more than a dozen federal contracts totaling about $6 billion since Trump’s inauguration in January, according to a Wall Street Journal analysis. And they’re actively pursuing billions more. Those appointments, which are in departments that oversee, regulate, and award business to the four men’s companies, raise a number of red flags. They could violate conflict-of-interest laws or government ethics regulations, both of which prohibit federal employees from using public office for private gain. And while it’s not unusual to install trusted allies i ... Read full article.