Elon Musk (53) brings businessman Vivek Ramaswamy (39) with him in the work to cut ministries and agencies, expenses and regulations. “Together, these two wonderful Americans will pave the way for my administration to dismantle red tape, cut redundant regulations, cut waste and restructure federal agencies,” Trump said in a press release from his transition staff. Vivek Ramaswamy (39), who stood as a presidential candidate in the Republican nomination battle this spring, has made a fortune from biotechnology through the company Roivant Sciences. Elon Musk is considered the world’s richest man, based on the companies Tesla and Space X. The two businessmen will lead what Trump calls the Department of Government Efficiency (Doge). The abbreviation “Doge” is similar to the name of the cryptocurrency that Trump is promoting, Dogecoin. Despite the name of the ministry, it is not a public state agency, according to the AP news agency. Because according to the press release from the transition staff, Musk and Ramaswamy will work outside the public administration to give the White House advice and guidance. This means that the two do not have to give the public access to their income and investments, assets and declare any conflicts of interest. Or to get rid of my ownership records. Will send shock waves According to Donald Trump, the work will send shock waves through the public sector. – They will collaborate with the office for management and budget to drive large-scale structural reform and create an entrepreneurial approach to the administration that has never been seen before, says the message that has been sent out. It is currently unclear how the future body will operate and what rules it needs to comply with. Musk says in a post on X that all the work they will be doing will be posted online, for maximum transparency. Published 13.11.2024, at 06.30 Updated 13.11.2024, at 06.34
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