Elon Musk's great, unheralded, unmatchable achievement -- losing half a trillion dollars in just six weeks!

Just this year, Elon Musk has achieved something that really, until very recently, no one would have even thought possible. Indeed, I do believe this may be what Mr. Musk is most remembered for, by historians, as being, without question, his greatest, most unquestionable and unswerving achievement in his entire illustrious career. Mr. Musk has just managed, this very year, very recently indeed, to lose half a trillion dollars, in just six weeks! Has anyone ever managed to do that before? Of course not! You see, Mr. Musk has managed to single-handedly reconceptualize what used to be called "junk bonds", as "high-yield bonds". And, that's exactly what SpaceX certainly is, and to a large extent Tesla is too, now, and these are Mr. Musk's primary assets. While taking ridiculous risks on impossible ventures used to be considered rather a bad thing to do, Mr. Musk has made himself -- for the moment anyway -- by far the richest man in the world by doing just that! Now, is this a sign of Elon Musk's great prophetic genius, a sign that he knows how to get things done, a sign that he is a great scientist? Or, does it merely mean that Elon Musk is a pathological liar and manipulator leading a bunch of other very rich, pathological liars and manipulators over a cliff? You see, these days, most capital in the world is tied up in some super-rich individuals who really don't know what to do with it. So, rather than trying to do anything useful, which they really don't have a clue how to do anyway, they just sniff the air, and follow the scent of what they think might be more money. And, sometimes this works, and sometimes it doesn't. They will of course, insist that what they are doing is highly productive, but, actually, there's very little evidence for that, at all. #philosophy #economics #technology #business #capitalism