The problem isn’t the Elon and co say this. It’s the middle ground people who, for the most part, are reasonable but have little education about politics, and don’t want to participate beyond soundbites.

In this case, the phrase works on two levels.

Most of these people would admit Hitler was bad. So, this reaffirms the statement Communism is bad. Even if they don’t know what Communism is.

For others, Communism is bad. This allows them to hear “We’re not like Hitler” about Elon and Co. They have no idea how bad Elon and Co may be, but at least their not commie pinkos.

The real genius of capitalists has been to persuade the electorate that there are no viable alternatives to capitalism.

Laws perhaps not, but lobbying (which is the action by which corporate interests exert control) in the EU is still a problem - https://esthinktank.com/2023/05/29/corporate-lobbying-in-the-european-union/

The fault here is not necessarily Musk. He asked these Politicians (and others like them) to reduce the barriers to putting money into Politics. These politicians agreed.

Remember this.

You didn’t enable him by voting for this. These alarmed politicians changed the laws to permit it. We need to be asking our politicians to get rid of these laws, and then tax billionaires out of existence.