this post was submitted on 31 May 2024
577 points (98.7% liked)

News

23413 readers
2479 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] circuscritic@lemmy.ca 16 points 6 months ago* (last edited 6 months ago) (3 children)

Elon has reached a level of financial and material entanglement across such a broad cross section of key economic sectors that I'm having a hard time seeing any institutional mechanism or structures being able, or willing, to take him down.

Unless the powers that be were somehow able to ensure his assortment of ponzi schemes and pump and dump operations wouldn't collapse and start a chain reaction that would, in economic terms, fuck our shit up, far and wide.

But even if they could, I doubt those capable would want a precedent that the existing system was able to takedown such a powerful and wealthy person.

The only way I see him checking out anytime soon is himself. Unless he knows the secret ritual rights for a proper Moloch summoning, no amount of adrenochrome boosters or infant blood infusions can compensate for his insane drug use and poor personal health habits. You can't be that old, that out of shape, and take that many hard drugs without it significantly reducing your life expectancy.

That also provides an out for the scenario I mentioned above. If the impact of his downfall on the wider economy could be mitigated, his incredibly unhealthy habits provide an obvious vector for his removal, without it setting a public precedent.

Tl;Dr: Hope he doesn't get sober, or learn to summon Moloch.

[–] Ragnarok314159@sopuli.xyz 8 points 6 months ago (2 children)

When the Tesla stock price finally corrects we will see Elon crumble. Right now it’s being shorted by too many massive hedge funds, which causes other hedge funds to bet against them.

This unfortunately lead to the price being massively inflated with Elon taking all the credit.

[–] circuscritic@lemmy.ca 5 points 6 months ago (2 children)

You're operating under the assumption that market forces can dislodge someone as wealthy and systemically entrenched as Elon.

Personally, I don't share that belief. I hope that I'm wrong.

[–] Ragnarok314159@sopuli.xyz 1 points 6 months ago

He is not entrenched as people believe. He isn’t old money, here. He isn’t oil money. He is temporary inflated stock rich and that bubble will pop.

[–] Aux@lemmy.world 0 points 6 months ago (1 children)

He's not entrenched, lol. He's a first generation nouveau riche. Basically a peasant with some bells and whistles.

[–] Honytawk@lemmy.zip 0 points 6 months ago* (last edited 6 months ago) (1 children)

His dad had shares in an emerald mine according to himself in an interview with Forbes in 2014. He also went to expensive ivy league colleges.

He isn't nouveau rich, even though he wants to convince the internet that he is.

[–] Aux@lemmy.world 1 points 6 months ago

Ok, second generation nouveau rich. Old money are people who were aristocrats 1,000+ years ago. Elon had to work and still works like every other worker. Old money don't know what work is for centuries. The gap between the poor and Musk is about the same as between Musk and some old duke family from England.

[–] jaybone@lemmy.world 2 points 6 months ago (1 children)

I think he is too rich to ever crumble, unfortunately.

[–] Ragnarok314159@sopuli.xyz 1 points 6 months ago (1 children)

When Tesla stock crumbles, he won’t be rich. He will still be worth many millions, but that falls within the people worth prosecuting.

Worst of all, he would have committed the gravest sin possible in America: messing with truly rich people’s money.

[–] jaybone@lemmy.world 2 points 6 months ago

When that day happens, the round is on me.

[–] CatOnTheChainWax 3 points 6 months ago

We'll just have to hope he didn't learn anything from Steve Job's example and follows him to an early and well deserved grave.

[–] TurtleJoe@lemmy.world 2 points 6 months ago (1 children)

He's actually not that old. He just looks like shit.

[–] circuscritic@lemmy.ca 3 points 6 months ago* (last edited 6 months ago) (1 children)

He's not that old for a normal person.

But he's way too old to avoid the significant health impacts of constant hard drug abuse.

It's a catch-22: if he wasn't that rich, he both couldn't afford, or survive, the same levels of drug abuse for a man of his age, and with a body that looks like spring thawed goose shit warmed over.

[–] nomous@lemmy.world 1 points 6 months ago* (last edited 6 months ago)

Dudes among the richest people on the planer and you think he's going to kick the bucket any time soon?

Dick Cheney is still lurking around at 83 with a fake heart and you think muskrat is going to leave the earth in a reasonable time frame? He'll be 80% machine and trying to upload his consciousness by the time he's dead.