As Elon Musk edges toward an eye-watering new milestone, the idea of a trillionaire sparks more fear than fascination on the left. But what if extreme wealth could accelerate progress rather than hoard it? In this essay, James Price, Senior Fellow at the Adam Smith Institute, argues that visionaries like Musk and other billionaire entrepreneurs reinvest their fortunes in projects that governments could never deliver—from AI-driven education to medical breakthroughs and space exploration. The result, he suggests, is a private sector more capable of solving humanity’s biggest problems than any public institution.

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