Egregoros

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.”

@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

@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.