Pluralistic: The (real) dead economy theory (17 Jun 2026)
9 hours ago
- Elon Musk's post-2020 ventures (Starship, robotaxis, Cybertruck, Twitter) are commercial flops despite his net worth increase.
- Financial markets fail to value assets accurately, with crypto and AI as prime examples of speculation over utility.
- The real 'dead economy' risk is capital being diverted from productive activities into memestocks, vibes, and bubbles.
- AI hype leads to defunding real research (e.g., cancer studies) to free up resources for speculative AI projects.
- The article also links to other topics: copyright, censorship, historical events, and upcoming appearances.