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> Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them. A wonderful observation. Has someone made a stab at describin

> Apparently, the goal is to keep the dreams alive without ever actually fulfilling any of them. A wonderful observation. Has someone made a stab at describing these new paradigms of advertising and value? I don't think I've seen exactly this stated or named, but there's a lot of writing and thinking out there. If it strikes anyone reading this, links welcome. Specifically, it seems like advertising may have gone from "the quality of the product doesn't matter", to "the product existing doesn't matter". Quite a big leap.

ryandvm 1y ago
I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. Greater fool and all that. Meme stocks have a way of defying normal economic gravity and irritating traditional investors up until they don't, and when that happens their demise is usually rapid and complete.
- lcnPylGDnU4H9OF 1y ago
  > I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. That’s a dangerous game to play. What’s the opposite of a falling knife?
  - ben_w 1y ago
    > What’s the opposite of a falling knife? Optimus with the full-self-catering package to slice and dice any flesh it finds in what it thinks is the kitchen.
    - toomuchtodo 1y ago
      If FSD is any indicator of autonomy, I have no concerns. I’ve been waiting 7 years for my vision only autowipers to work.
xk_id 1y ago
This is long, but trust me when I say, that about halfway through, it will answer your question fully. https://www.newstatesman.com/business/economics/2024/02/the-qe-theory-of-everything https://www.newstatesman.com/business/economics/2024/02/the-... This gist of it is that central banks tried to stimulate investment in the economy by purchasing bonds, which lowered their yields and made them unattractive to institutional investors. As a result, institutional investors had no choice but to use the QE printed money to invest in stocks instead. This greatly repressed the risk in the stock market, while decoupling it from profits, because for a long time “numbers would only go up”. Separately, the repressed borrowing costs (another intended effect of QE) enabled big tech to consolidate their monopolies, creating the attention harvesting platforms of today. Alongside inequality also being amplified by QE, those platforms started to favour rage baiting. The combination of high risk appetite + algorithmic promotion of outrage enabled a kind of business model which is based on nothing except ridiculous dreams. Elon and his Tesla are therefore the quintessential creatures of the era.

ryandvm 1y ago

I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. Greater fool and all that. Meme stocks have a way of defying normal economic gravity and irritating traditional investors up until they don't, and when that happens their demise is usually rapid and complete.

lcnPylGDnU4H9OF 1y ago
> I doubt there are many TSLA investors that actually believe that the company is well positioned to dominate ANY market at this point. They just believe that there are _other_ people that believe it. That’s a dangerous game to play. What’s the opposite of a falling knife?
- ben_w 1y ago
  > What’s the opposite of a falling knife? Optimus with the full-self-catering package to slice and dice any flesh it finds in what it thinks is the kitchen.
  - toomuchtodo 1y ago
    If FSD is any indicator of autonomy, I have no concerns. I’ve been waiting 7 years for my vision only autowipers to work.

xk_id 1y ago

This is long, but trust me when I say, that about halfway through, it will answer your question fully. https://www.newstatesman.com/business/economics/2024/02/the-qe-theory-of-everything https://www.newstatesman.com/business/economics/2024/02/the-... This gist of it is that central banks tried to stimulate investment in the economy by purchasing bonds, which lowered their yields and made them unattractive to institutional investors. As a result, institutional investors had no choice but to use the QE printed money to invest in stocks instead. This greatly repressed the risk in the stock market, while decoupling it from profits, because for a long time “numbers would only go up”. Separately, the repressed borrowing costs (another intended effect of QE) enabled big tech to consolidate their monopolies, creating the attention harvesting platforms of today. Alongside inequality also being amplified by QE, those platforms started to favour rage baiting. The combination of high risk appetite + algorithmic promotion of outrage enabled a kind of business model which is based on nothing except ridiculous dreams. Elon and his Tesla are therefore the quintessential creatures of the era.