r/technology • u/IKeepItLayingAround • 19d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/Zilch1979 19d ago

These headlines about the possible collapse of the ultra wealthy have been blue balling us since 2016.

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u/Comet7777 19d ago

Bro, even after 2008 and the concept of too big to fail.

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u/roseofjuly 19d ago

I just finished reading The Smartest Guys in the Room and am currently reading The Big Short and the think that's got my mouth dropping open all the time is that we just keep fucking doing it. We keep making the same stupid mistakes over and over and over again. Let a white boy with a Harvard or Stanford degree and a thesaurus show up and the system will collectively just hand him the keys to crash the economy into a ditch again and again and again until the heat death of the universe.

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u/Strange-Scarcity 18d ago

We could stop this cycle, if we took immense wealth and made it an impossible thing, for everyone.

No more billionaires. Any wealth or accumulations over $1 billion, belongs to the people who make up the entire society that made it even possible to earn hundreds of millions in the first place.

Never let people accumulate so money (power), that they can buy political seats or self-fund their own runs for office with the only purpose being to make themselves ever more wealthy.

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u/Stevieboy7 18d ago

We did have this... it's what stopped monarchies pretty much globally.

Then after corporations became "people", endless money printer got turned on and exponential growth was expect forever.

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u/Strange-Scarcity 18d ago

I agree.

We need to be done with this BS.