2 hours ago · Politics · 0 comments

Elon is officially a trillionaire, as I predicted in April 2021 in the post “Convergence to the global hegemon.” Here is what I wrote: We’re seeing the convergence to the global hegemon , as an increasingly large percentage of economic activity and wealth creation is concentrated through a shrinking number (relative to the size of the global population and global GDP) of firms, countries, and individuals. Something like 8 individuals control half of the world’s wealth. This trend will continue , converging to near 100%. By this decade, Bezos and Elon Musk will become trillionaires, growing their wealth at a rate that far exceeds inflation in spite of low GDP growth (why this is true is explained in the final paragraph). Same also for the disparity between US and China dollar-adjusted and real economic growth and asset appreciation relative to the rest of the world. Everything about that post aged perfectly. Albeit, Elon was already worth hundreds of billions with Tesla stock, so a…

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