Comment by Bubble_Pop_22
3 years ago
Lets cut the argument very short.
If Tesla or SpaceX were to disappear tomorrow nobody would experience any existential crisis.
If you disappeared Microsoft, Apple or Amazon or Walmart overnight the whole economy would come to a halt. Same for JPMChase,WellsFargo, BoA etc.
Musk is the first guy to reach the top of the Forbes list while being at the helm of an aspirational company, not one that is structurally important one in the present.
It’s a dangerous precedent, and in fact soon enough it was repeated when bitcoiners and owners of exchanges such as Coinbase and FTX reached the top 10 of the Forbes list.
This is an awesome point, you put into words something I couldn't describe very well. A large part of the current economy, in multiple fields, is aspirational, not foundational.