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Man Elon himself said his plan is to crash the economy. When people tell you who they are, listen! https://www.the-independent.com/news/world/americas/us-polit

• nyokodo 2y ago
  > to crash the economy The quote is “markets will tumble” by which he clarifies that it will be a temporary market overreaction not “crash the economy” like it’s 1929. Those are qualitatively different things.
  • tsimionescu 2y ago
    He intends to make the market crash (or at least is taking actions that will almost certainly crash it), but he thinks it will recover afterwards. The first part is pretty certain with what they're doing. The second part is almost impossible to predict, because no one can really say what the break points are (i.e. how much it can crash and still quickly recover afterwards). See the mortgage crisis of 2008 for what an unexpected runaway effect looks like.
• petersellers 2y ago
  That is far different (and much less severe) than the original claim of accelerationism that was being made earlier.