@volkris @HeavenlyPossum @CheapPontoon @dagb Great point. Apart from the part where what I said were literally facts from history.
@dagb @True_Heresy @volkris @CheapPontoon
Imagine thinking that Elon Musk is capable of building anything but an asset bubble.
@HeavenlyPossum I mean, the factual record shows that he did.
Imagine knowing history.
@True_Heresy @CheapPontoon @volkris @dagb
The factual record shows that Musk inherited apartheid emerald wealth which he used to purchase stakes in other people’s lucrative endeavors and, later, a series of scams, parasitic government contracts, asset bubbles, and regulatory capture.
@HeavenlyPossum so if you think about it none of that has anything to do with anything I said.
@dagb @CheapPontoon @True_Heresy @volkris
I thought about it and it turns out I’m still right
@True_Heresy @volkris @CheapPontoon @dagb
In the sense that Musk has literally not once in his life done anything productive or useful. Ownership is not productive.
@HeavenlyPossum @True_Heresy @volkris @CheapPontoon @dagb Sometimes people who own things also do actual work and create value but the owning part isn’t productive. It’s like saying owing a lot of fine art is the same thing as being an artist. And if a patron says “well, without my investment this wouldn’t exist” — is that really true? Perhaps, without the investment, something else, something better, might take its place.
@dagb @futurebird @True_Heresy @volkris @CheapPontoon
It also presumes that people are unable to make investments themselves without some coordinator who earns the right to own the entire effort by virtue of playing that role.
ie, the only reason the engineers, et al, of a firm like SpaceX couldn’t organize themselves to build reusable rockets is because people like Musk have already hoarded so many resources and enclosed the generation of credit.
@HeavenlyPossum @dagb @True_Heresy @volkris @CheapPontoon
If you can’t hire someone to do something for you it might not be work. *might* one may hire a creative director or a CFO, a portfolio manager or a hedge fund manager— and these are jobs that require skill and work. Although their close proximity to ownership distorts the perceived value IMO. Because there is this kind of magical thinking around ownership—
@dagb @futurebird @True_Heresy @volkris @CheapPontoon
Or more simply, owners can do all kinds of things, but their ownership does not intrinsically require or imply those things, and can exist entirely separately from any productive task or role, and doing those things does not intrinsically justify or legitimize ownership.