I keep waiting for the wheels to come off...

"Musk is no Technoking, but he's a strong contender for Enshittification King: a guy who taps the capital markets and Uncle Sucker for funds he can use to subsidize the initial rollouts of his stupid ideas, in the hopes of becoming so indispensable that he later can squeeze both business customers and end users for ever-larger sums to keep the illusion afloat (think of the junk fees he's piled onto Twitter users and publishers).

@Greengordon It's not just him, the modern business thesis of our time is "competition is for losers" à la Thiel. The goal for investors is to be a king of some tiny but “indispensable” fiefdom.

Today's capitalists are trying to cosplay the US Government of yesteryear which delivered readily commoditized technologies (TCP/IP, GPS) for cheap. So they say things that sound science-y. People (economists included) assume it doesn't matter where "innovation" comes from and spend + pray.