Dead Economy Theory
AI summary
Cory Doctorow argues that Elon Musk's wealth has grown despite his failures since 2020, driven by memes and vibes rather than productivity. The true "dead economy" risk is that capital shifts from productive activities into memestocks, vibes, and bubbles, exemplified by defunding cancer research to build data centers for Musk's benefit. This misallocation threatens to create an economy that harms everyone.
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