It’s hilarious how Musk is the wealthiest with multiple businesses that are actively failing and cannot make a solid case for their valuation without going into fantasy scenarios.
Which also means that his wealth valuation is a house of cards, he cant collect on the fake value without crashing it
But he can take out massive loans on that valuation.
And that money can be used however he wants.
Also, the recent IPO was him collecting money from a lot of people, and since he got exempted into a few indexes, people's retirement money is now tied to Musky scams.
This means that if Musky does decide to cash out and crash the economy, he'll have an instant bailout.
people's retirement money is now tied to Musky scams.
Now where have I seen this before...? Gosh, if only history had some warnings...
Be careful though, suggesting that Starship might never fly, or Full Self Driving might never drive, or that data centers in orbit are unlikely to scale is dangerous on the Internet.
Starship flying means nothing when nobody is using Grok which wastes more money than Starship capsule make.
Full self driving is only 1 decade late. Tesla is already behind technologically and their quality is still pathetic.
Data centers in orbit will be orders of magnitude more expensive and complex than data centers on earth. Data centers on earth are having tons of trouble being built because the costs and materials needed are extreme.
Also, Elon Musk is a Nazi that really wanted to be invited to the Epstein pedophile parties.
So now Musk is richer than the next four richest combined?
I think this is getting a little out of control.
He makes about $150,000,000 a day, passively from his assets.
Wealth tax now.
Fucking nauseating
No its fine. No worse than having a single billionaire, really.
All billionaires should be stripped of their wealth over 999 million and given to the rest of the world
Hanged, just hanged
Impossible to do both. If you kill them somebody just inherits.
And or course the concepts of money and ownership must be preserved.
$999m is still an obscene amount of money, and they'd just start finding ways to amass it again
999M USD is still way too much wealth for a single person.
The five wealthiest people who show up on the lists.
I love how Musks conpanies keep losing money yet somehow the stupid fake value just keeps growing.
I hate speculative capitalism so much
If we all just collectively decided to eat the top one every week, the problem would just sort itself out after a month or so.
Not unless we stop them.
How? I don't see them stopping until the supply lines collapse.
You don't see Brian Thompson making any more money for United Health, do you?
Eat them, obviously 🍴
Do I have to? I feel like eating the muskrat is likely to cause a ketamine overdose.
It’s ridiculous that they could give away $1bn/yr in charity projects and they’d still be billionaires when they’ll finally die
Not really because this isn't real money. Especially in Elons case it's all in pumped up stocks that he could never sell without crashing the price. Not that this is making anything better and the current stock market is just another symptom of the death spiral we are currently in.
It's going to continue to accelerate to a kind of feudalism where they own everything. Democracy or even capitalism itself can't survive this.
Capitalism is this. This was always the logical conclusion when wealth and success were so intrinsically linked.
lmao glad someone said it.
here's hoping capitalism doesn't survive this.
It is called capitalism because those with the most capital get to make all the decisions
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
Yup. Ben Norton did a good piece on this topic a few days ago.
https://www.youtube.com/watch?v=Dj-hd3l4dSo
The graph (iirc about half way through maybe), with his added coloured blocks for the different eras lends some superb clarity to what's going on, the political philosophy shifting phases of accelerated worsening, and how bad it is, as in how much worse it is contrast to the worst time in history...
What we have now, makes the guilded age look like some kind of egalitarian paradi~~ well, maybe not paradise, but more egalitarian... much less egregious than would have been seen in the keynesian phase. How little they knew, of how much worse it could get, and was going to get. Pesky marketing, in rebranding same old corporate fascism as "neo-liberalism". Many likely not bothering with the term neo-feudalism, preferring the delusion there's anything "liberal" still going on. As if that limp thing were even enough to do any more than pretence on slowing down the consolidation of wealth and power even if it were what it's best definitions and ideals pronounce.
This is a disaster awaiting to happen. We should prepare our communities for when SHTF
So did Musk win? Is he done now?
There is no greater indictment on capitalism than having its biggest winner be the world's most embarrassing man.
They will stop once we have eaten a few of them.
And the average person is not even a pixel.
If they were going to stop on their own they would have by now
Discuss anarchist praxis and philosophy. Don't take yourselves too seriously.
Other anarchist comms
Join the matrix room for some real-time discussion.
