American entrepreneur Elon Musk has announced the founding of a new political party named the “America Party,” saying it came in response to the majority of citizens’ desire for political change.

In a statement posted on his account on the “X” platform, Musk said:

“By a margin of two to one, you want a new political party—and you will get one!”

He strongly criticized what he described as the one-party system in the United States, saying:

“When it comes to bankrupting our country through waste and corruption, we are not living in a democracy but in a one-party system that monopolizes decision-making.

He added that the goal of founding the “America Party” is to “restore freedom to the American people” and create a genuine alternative to the traditional political institutions he believes have failed to serve the public.