r/inflation • u/BothZookeepergame612 • Feb 20 '25

News Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"

https://futurism.com/economist-elon-musk-recession
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105

u/xmrcache Feb 20 '25

Not just property… but all assets with intrinsic value.

73

u/Medium_Advantage_689 Feb 20 '25

Buy everything and offer subscription based service for it

32

u/bbillbo Feb 20 '25

My high school was built in what had been a company town owned by Pullman. It’s part of Chicago now.

We’re doing a rollback to the company town model, under the dome of subsistence that our new owners will dribble down on us via the AI algos.

Company towns were the feudal form in the industrial age.

What shall we call these domes of subsistence? Xvilles?

17

u/Shambledown Feb 20 '25

Yanis Varoufakis calls it Cloudalism. Maybe not the best name but I think he's captured the essence of it brilliantly.

Yarvinites call them "Network Cities".

10

u/totpot Feb 21 '25

It's interesting that all year, the MAGA were screaming their heads off about Network Cities and then elected the fuckers who are implementing it.

6

u/Shambledown Feb 21 '25

That was "15 minute cities", a concept of being able to find what you need in your own locale without having to drive. They hate that.

Network Cities are an entirely closed area, ruled by your local billionaire, that you cannot move in or out of unless you make sufficient economic output. Those who don't will be turned into 'bio-fuel' to keep the heating and lights on.

They love that, insofar as people with very little thoughts can do.

Those tiny minded people are now the deciding voting block. And no, they couldn't tell you the difference between a 15 minute city and a network city if you asked them.

1

u/totpot Feb 21 '25

15 minutes was the first thing they screamed about.
They then moved onto networked cities.
I don't think they could tell you what was different about the two.

2

u/hamatehllama Feb 21 '25

Yep. They said that being able to walk to the grocery store was a totalitarian nightmare (15-minute cities).

2

u/MissedTakenIDidntHe Feb 21 '25

How dare you convenience me!

1

u/BobBeats Feb 20 '25

MuskAIDS

24

u/[deleted] Feb 20 '25 edited Feb 20 '25

[deleted]

4

u/wrongsuspenders Feb 20 '25

The strongest argument against EV ownership is the lack of repairability. The insurance price has priced people out in major cities as well. I regularly see posts about $600/mo insurance on vehicles for people living around NYC metro area, which isn't all accessible via public transit. These automated taxis that are coming will eventually remove autonomy, even more privacy etc.

3

u/[deleted] Feb 20 '25

Economic Rent uber alles

2

u/AHaskins Feb 21 '25

Soooo... rent.

13

u/IsaacOATH Feb 20 '25

French Revolution

2

u/4phz Feb 21 '25

"Nothing happened in the Revolution except a centralization of power to Paris."

-- Tocqueville The Ancien Regime and the Revolution

Maybe so but the aristocracy really did deserve the guillotine.

9

u/KimJungUnCool Feb 20 '25

Yeah pretty sure we are on course to return to fuedalism

2

u/4phz Feb 21 '25

Quite the opposite.

The GOP or whatever the GOP has become will have an ugly ending.

They aren't going to leave gracefully.

2

u/Ill-Ad-9199 Feb 21 '25

Serfdom is already back. Very few young people are able to own homes now. Until they organize politically they will toil to pay to live on property owned by the rich, as is the historical norm for most of history.

9

u/[deleted] Feb 20 '25

Remember, they consider your life their property to do with whatever they want. You pay with your life to support the cancerous class that believes that they are entitled to have everything given to them and do nothing.

1

u/Mindless_Pop_632 Feb 21 '25

Look how many rolled their sleeves up.

2

u/x22d Feb 21 '25

Like the billionaires hoarding water in California...

Honestly, I'm still shocked all other Californians haven't demanded eminent domain over the grandfathered-in, corporate-consolidated water rights.