The (real) dead economy theory
The concept of the dead economy theory suggests that financial markets are failing to accurately value assets, leading to a focus on investments based on speculation rather than actual value. This theory is exemplified by the rise of cryptocurrency and the investment in companies like Spacex, which are valued highly despite not generating significant profits. The dead economy theory is also related to the investment in AI technology, which is often prioritized over other areas of research and development.
- ▪Elon Musk's net worth has increased from $20b to $1t since 2020, despite his post-2020 ventures being largely unsuccessful.
- ▪The value of assets like cryptocurrency and Spacex is often based on speculation rather than actual value or usefulness.
- ▪Investment in AI technology is prioritized over other areas of research and development, such as medical research.
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Pluralistic: The (real) dead economy theory (17 Jun 2026) Today's links The (real) dead economy theory: Vibes and memestocks, all the way down. Hey look at this: Delights to delectate. Object permanence: Jim Baen has had a stroke; Blame Apple for iTunes DRM; France v the internet; "Rotters"; 1901 undersea cables; Washington Post wants Trump coverage blackout; Taxes are for the little people; Gamer lifecycle; Ghanian postal song; "What Lies Beneath the Clock Tower": Murder of Jo Cox; 12 year old doxed by anti-vaxers; Hong Kong bookseller recants forced confession. Upcoming appearances: LA, Menlo Park, Toronto, NYC, Philadelphia, Chicago, London, Edinburgh, Brighton, South Bend. Recent appearances: Where I've been. Latest books: You keep readin' em, I'll keep writin' 'em.
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