Why British leaders don’t like the idea of Elon Musk funding Nigel Farage’s party

It’s almost as if, by posting a picture of himself, his new money-man Candy and the world’s richest man, Farage was trying to annoy his opponents

Musk
Nick Candy, Elon Musk and Nigel Farage

The meeting between Nigel Farage, the property developer Nick Candy and Elon Musk has triggered an all-too-predictable apoplectic fit among British media commentators. 

Are proud, democracy-loving Britons just going to stand by and watch as American billionaires and the radical right buy out their politics? Are they going to let hedge-funders and the real-estate tycoons gut British institutions for gain, privatize their beloved healthcare and finally execute the great neoliberal scheme to enrich the very few at the expense of the very many? 

It’s almost as if, by posting a picture of himself, his new money-man Candy…

The meeting between Nigel Farage, the property developer Nick Candy and Elon Musk has triggered an all-too-predictable apoplectic fit among British media commentators. 

Are proud, democracy-loving Britons just going to stand by and watch as American billionaires and the radical right buy out their politics? Are they going to let hedge-funders and the real-estate tycoons gut British institutions for gain, privatize their beloved healthcare and finally execute the great neoliberal scheme to enrich the very few at the expense of the very many? 

It’s almost as if, by posting a picture of himself, his new money-man Candy and the world’s richest man, Farage was trying to annoy his opponents. Heaven forbid. The Guardian wants to tighten up our electoral laws so that Elon Musk will not be able to fund Reform. “Look, I think British politics is asleep about this,” says Lewis Goodall, on Newsnight, who likes to start his sentences by saying “look.” “We’re seeing populist forces, particularly on the populist right, doing extremely well throughout Europe. There’s no reason to suggest that Britain will be immune to that. We can see Reform doing better and better in opinion polls and I think the Musk connection is central to that.”

It’s funny that Farage, whose party has just five seats in Parliament, Candy and Musk trigger this gag reflex — and not, say, Keir Starmer, the man who is prime minister, bending his knee to accommodate Larry Fink, the CEO of BlackRock, a business that makes more from its globe-spanning activities in three months than Elon Musk’s entire worth. Might BlackRock’s profiteering from Ukraine, the arms industry and large pharmaceutical companies have something to do with the policies of the British government? Or is it dangerously “populist” just to ask? 

Power tends to corrupt and absolute power corrupts absolutely, as Lord Acton said, and pundits are right to be wary of all rich actors, foreign and domestic, meddling in politics. But to treat Elon Musk as a new or unique threat to our political system is either naïve or disingenuous. It’s to muddle symptom with disease, or effect with cause. 

The electorate isn’t quite as biddable as Lewis Goodall might think. Reform isn’t doing well in the polls because Elon Musk is behind them — though it is arguable that his ownership of the social media platform X enables pro-Reform views to be expressed and heard more than on other media networks. 

Reform is thriving because voters are sick of Labour and the Conservatives, and a growing number of people feel that the present political system is more nefarious than Farage could ever be. They believe Farage and others who talk about the suffocating power of the “uniparty” that runs Britain, especially on the topic of immigration. British voters want more disruption, not less. 

I don’t recall the voices now fulminating against Candy, Farage and Musk being quite so het up about Lord Sainsbury’s funding of Labour, say, or the international financiers who backed Remain. I suppose we all only become exercised about “money in politics” when it benefits politicians we dislike. 

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