The Los Angeles Post
U.S. World Business Lifestyle
Today: March 30, 2025
Today: March 30, 2025

Germany's Merkel laments influence of big business on Trump

FILE PHOTO: NATO Alliance summit in Watford
November 22, 2024
Reuters - Reuters

BERLIN (Reuters) - Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a "huge concern".

In an interview with the news magazine Der Spiegel published on Friday ahead of the release of her memoir, Merkel said the job of politics was ultimately to balance the interests of ordinary and powerful citizens.

"If this ultimate recourse is influenced too strongly by companies, whether through capital power or technological capabilities, then that is an unprecedented challenge for all of us," she said.

Germany's Merkel laments influence of big business on Trump
FILE PHOTO: U.S. President Donald Trump and Germany's Chancellor Angela Merkel pose for the family photo during the annual NATO heads of government summit at the Grove Hotel in Watford

She cited the example of Musk, chief executive of Tesla and SpaceX, who was tapped by Trump to co-lead a new Department of Government Efficiency that the incoming president has indicated will operate outside the confines of government.

"If a person like him [Musk] owns 60% of all satellites orbiting in space, then that has to be a huge concern for us in addition to the political issues," Merkel said.

SpaceX runs the satellite internet provider Starlink, which has over 6,000 satellites in space and is used by consumers, companies and government agencies.

Merkel's memoir, entitled "Freedom: Memories 1954-2021" and written before Trump's re-election, will be published in more than 30 countries on Nov. 26.

Merkel told Spiegel his victory had filled her with sadness.

"If someone in politics does not allow for win-win situations, but only ever recognises winners and losers, then that is a very difficult task for multilateralism," she said.

In her book, which she will launch in December in the United States at an event with former U.S. president Barack Obama, Merkel describes her dealings with Trump as well as other world leaders, including Russian President Vladimir Putin.

Its release comes as she faces pressure to defend the legacy of her 16 years in power in the light of Germany's current economic and political difficulties, and growing international crises.

(Writing by Miranda Murray and Rachel More; Editing by Kevin Liffey)

Related Articles

Explaining Butch Wilmore and Suni Williams' unexpected stay aboard the ISS Musk's Starlink, India's Airtel tie up to challenge Ambani in broadband race US okays higher-power cellphone service for Musk's Starlink despite objections US FAA says 240 flights disrupted by explosion of Musk's SpaceX Starship
Share This

Popular

Business|Economy|Europe|Finance|Political|Stock Markets|US

Markets in Q1: Everything's been Trumped!

Markets in Q1: Everything's been Trumped!
Asia|Business|Economy

India court rejects JSW Steel, Trafigura request to clear certain met coke imports

India court rejects JSW Steel, Trafigura request to clear certain met coke imports
Business|Environment|US

Trial will determine who will pay $600 million settlement in disastrous Norfolk Southern derailment

Trial will determine who will pay $600 million settlement in disastrous Norfolk Southern derailment
Business|Lifestyle|Sports|Technology|Travel

A New Hampshire ski resort bets on tech to compete with industry giants

A New Hampshire ski resort bets on tech to compete with industry giants

Political

Asia|Health|Political|World

Medical supplies in great need as international assistance flows into Myanmar after earthquake

Medical supplies in great need as international assistance flows into Myanmar after earthquake
Economy|Environment|Health|Political|World

Martinique's water woes drive anger at French rule

Martinique's water woes drive anger at French rule
Asia|Economy|Health|Political|World

Aid rushes into Myanmar after earthquake kills over 1,600, ravages cities

Aid rushes into Myanmar after earthquake kills over 1,600, ravages cities
Crime|Political|US

At least half of US states now outlaw devices that convert pistols into machine guns

At least half of US states now outlaw devices that convert pistols into machine guns