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by @jimpick.com
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Many capitalists believe that if they can get rich enough fast enough, it wont matter if it was all fraud, because they learned their ill-begotten fantasy wealth will provide them with power to reshape US society, socialize the inevitable losses to others and bring them protection from consequences.
22h
Philipp Markolin
Paul Krugman: "We have a term for enterprises that look successful because they keep drawing in new investors and keep drawing in new investors because they look successful. They’re called Ponzi schemes. And Elon Musk is basically a human Ponzi scheme."
1d
Elon Musk, Human Ponzi Scheme
With Wall Street’s help, you’re about to be forced to buy stock in SpaceX
paulkrugman.substack.com
Chuck Taylor | Seattle