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Very well expressed Steve. I too wonder how we can contain the oligarchs, if they have no interest in a sustainable planet. Musk and his lot still believe in the fairy tale of interplanetary colonization (maybe it is a Afrikaner thing), despite there being no other inhabitable planets in out solar system (and too much radiation in space). Go back and read the piece I wrote on Veblen (the Gild is nearly off our age). When the AI Bubble and Crypto crash, the Emperor will be "stark raving naked" and the system beyond bailouts.

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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