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This rings true but in Elon's defense: - None of the markets he participates in could ever truly be free markets no matter what due to their very high (and nec
by jongjong 2y ago
This rings true but in Elon's defense:
- None of the markets he participates in could ever truly be free markets no matter what due to their very high (and necessarily high) capital requirements. It's not like other tech companies which use government money to monopolize markets that have low entry barriers and end up messing with millions of little guys who think they're operating in a free market... Then it takes a decade for them to learn that they actually had 0 chance of ever competing in that market due to asymmetries in margins caused by gov subsidies.
- He consistently gave the government value for money. If his companies weren't there, the government would have spent the same amount of money (or more) and obtained worse results.