How exactly is this approach an improvement over the status quo? Elon is not auditing spending. He’s pursuing political grudges and generating chaos for its own sake. The outcome will not be less government waste and fraud.

This doesn’t mean what you think.

Sometimes following rules leads to an unrecoverable state, and then you have no choice but to reboot. Compound interest leads to either stagnation and decline, or else to jubilee. It's an inherently unstable system that has felled many civilizations before ours. Debt grows exponentially while real economies saturate in an S-curve. Eventually something has to give.