this post was submitted on 12 Dec 2025
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A Boring Dystopia
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Thanks for the detailed response, I'll probably need to Google a bunch if stuff in here which I will.
But to the point that didn't make sense to you: The american economy is considered to be big/high growth simply because it's financial sector is so big. And yes this could mean it's markets are efficient, but efficient at what? Often it's trading stocks or debt instruments or some obscure financial instruments, and if that's the case then the size of the economy seems quite made up just like Elon's wealth.
A real economics discussion should state this in the thesis. A politician might just state it and leave the reader to make up their own conclusion the way a movie never shows the monster.
Elon, and all other billionaire, wealth is for sure inflated even in the academic discussion of leverage or whatever, and yes taking out loans should be considered realizing its value and be taxed.
To be clear, I am not a capitalist or trying to be an apologist for it. Just trying to answer a question about the world we live in and the systems that make it and that we interact with.
Is the following a pipe or a representation of one? Is the share money? What about the GDP.
Yeah i guess when you stop looking at GDP as a real fact about the real world, then it makes more sense. That's funny 😂
It is weird, because it is not real, but the things its trying to observe are. Economics as a whole is also not as air tight as real science. Tho it seems to be trying. Just keep asking what is trying to be understood and why the figures presented represent the subject matter.
Think of how we measure the brightness, distance, and size of stars. We only have proxies that we can then calculate other values of interest. Economics is a lot of that with some human irrationality in the error bars as well.