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1. Embed this notice
   Nathaniel Swigger (nswigger@mstdn.party)'s status on Saturday, 06-Jun-2026 01:09:43 JST Nathaniel Swigger

   Student: “So Elon Musk is a trillionaire?”
   Me: “Yup.”
   Student: “How did he get that much money?”
   Me: “Well, he doesn’t really have a trillion dollars cash. He just owns a lot of stock in companies that are valued at a trillion dollars.”
   Student: “So those companies make huge profits?”
   Me: “Oh gosh no. They all lose billions of dollars a year. All of them. Huge losses.”

   The Economist headline: “Gen Z Mysteriously Hates Capitalism and No One Can Figure Out Why.”

   • Ódio e Apatia :Ryyca: repeated this.
   • Embed this notice
     David Chisnall (*Now with 50% more sarcasm!*) (david_chisnall@infosec.exchange)'s status on Saturday, 06-Jun-2026 06:25:53 JST David Chisnall (*Now with 50% more sarcasm!*)

     in reply to

     • OddOpinions5

     @nswigger @failedLyndonLaRouchite

     3) The AI bubble crashes the US economy so badly that there's hyperinflation on the US dollar and $3.4 T is roughly the cost of a small loaf of bread in 2040.

     I do wonder if this is the goal for a load of the datacenter investors: buying a load of land and so on as fixed-interest bond debt and pushing inflation up so much that inflation is much higher than the interest rate so that the debt evaporates.

   • Embed this notice
     OddOpinions5 (failedlyndonlarouchite@mas.to)'s status on Saturday, 06-Jun-2026 06:25:54 JST OddOpinions5

     in reply to

     @nswigger

     today's wall str journal

     3.4 trilion in revenue would be about , roughly, 1% of world GDP

     this sounds absurd to me, but
     we shall see what happens when reality meets expectation

   • Embed this notice
     Nathaniel Swigger (nswigger@mstdn.party)'s status on Saturday, 06-Jun-2026 06:25:54 JST Nathaniel Swigger

     in reply to

     • OddOpinions5

     @failedLyndonLaRouchite There are two plausible pathways to that projection coming true:

     1) Elmo invents magic, conquers time and space, and personally leads/profits from humanity’s colonization of space.

     2) The Us govt gives SpaceX that much money every year in exchange for a rocket that is totally going to work and definitely deliver human colonization within the next ten years and this time boy oh boy we are serious.

     Ódio e Apatia :Ryyca: repeated this.
   • Embed this notice
     huntingdon (huntingdon@mstdn.social)'s status on Saturday, 06-Jun-2026 06:37:54 JST huntingdon

     in reply to

     @nswigger

     "No one at the Economist Can Figure Out Why" so many people hate unregulated capitalism.