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by YZF
4 days ago
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There is no economy without customers/consumption. Elon Musk's SPCX are worth zero if nobody wants to send anything to space and nobody can send anything to space if nobody has any money. Debt can fuel consumption to some degree but that has limits. Capital accumulation on its own does not impact the economy. You can put the number $10000000T against Elon's name and it will not change the economy at all. What changes the economy is how this money is deployed. Economies are not zero sum games and money is not a fixed quantity. That's not to say this is meaningless but it also doesn't mean that Elon now has your dollars. |
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