Yeah, we know. Elon Musk is a CEO who smokes weed and went to college.
That is not a radical definition of the state. He just jammed two things he knows about together and spat it out like it's profound.
But he's wrong. If the government were run like a business there would be no problem with capital allocation. Donald Trump, to the extent that he was allowed to run the government, did that and it worked. And everybody called him a fascist every second of every fucking day for 5 years.
Government is a CLUSTERFUCK with a monopoly on violence in which you have no choice... not a business.