World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast

Donald Trump, president-elect of the US, announced on Tuesday that he has selected Elon Musk, the world’s richest man, and Vivek Ramaswamy to lead the Department of Government Efficiency, with plans to reduce bureaucracy in the federal government by roughly a third.

Musk had pushed for a government efficiency department and has since relentlessly promoted it, emphasizing the acronym for the agency: Doge, a reference to a meme of an expressive Shiba Inu. Trump said the agency will be conducting a “complete financial and performance audit of the entire federal government, and making recommendations for drastic reforms”.