Elon Musk, the billionaire entrepreneur, has dismissed what he calls “wrong-headed economic thinking” by suggesting there is “infinite potential” for creating jobs and businesses. Musk’s critique centers on the fallacy of a “fixed pie” in economics, where the assumption is that economic resources are limited and must be divided among the population.
In a post on X, Musk stated, “The ‘fixed pie’ fallacy is at the heart of much wrong-headed economic thinking. There is essentially infinite potential for job and company creation. Think of all the things that didn’t exist 20 or 30 years ago!”
His comments were in response to entrepreneur Joe Lonsdale’s mention of Sriram Krishnan, who has been tapped by President-elect Trump for a role in the upcoming administration. Krishnan had previously advocated for lifting the cap on green cards to unlock skilled immigration, a policy that aligns with Musk’s vision for expanding economic opportunities.
Musk’s perspective challenges the traditional economic theories which often emphasize scarcity and competition for existing resources rather than the creation of new opportunities. His argument suggests that innovation and entrepreneurship can break the mold of traditional economic constraints, fostering an environment where new jobs and businesses can be created without being limited by current market conditions.
This viewpoint was further highlighted when Musk discussed the need for merit-based immigration policies. Krishnan himself has supported skills-based criteria for green card allocation, emphasizing that the best talent should be attracted to the U.S. regardless of their country of origin. Musk’s support for such policies aligns with his belief in an economy where growth is not zero-sum but can be expansive, driven by human ingenuity and innovation.
Musk’s comments also resonate with his involvement in multiple industries where he has not only created jobs but also significantly transformed sectors like automotive, aerospace, and now social media through his various ventures like Tesla, SpaceX, and X. His approach underscores a belief in an economy where new sectors can emerge, offering new employment opportunities.
By challenging the notion of a static economic pie, Musk advocates for a dynamic economic model where growth is perpetually possible through technological advancement and entrepreneurial ventures. This perspective has sparked discussions among economists, policymakers, and the public on how to view economic development and job creation in a rapidly changing global landscape.
Article generated from corporate media reports.
From the Editor: The Double Slipper Slopes
On the surface, this infinitely inclusive rhetoric sounds appealing. It removes limits to the potential for prosperity and who wouldn’t want that?
Well, actually, a lot of people wouldn’t want it for many reasons and greed isn’t one of them. This sounds very close to embracing the notion of Modern Monetary Theory in which money is uncapped and therefore even more worthless than the fiat monetary system we have in place today. And while Musk does not openly promote and would likely never overtly embrace the destructive theory, it’s an inescapable conclusion if policies were to enable his vision.
To be clear, I’m not suggesting that Musk is trying to bring about the destruction of our economy through Modern Monetary Theory any more than I would suggest that he’s calling for open borders with his idea of allowing uncapped “skilled” immigration, but both are inevitable if his ideas were to manifest in large scale.
There’s about a 90% chance that these particular ideas are simply fanciful whimsy with no attempts at practical application. Then again, there’s a small chance that he’s setting us up for the fall by being a covert shill for the Globalist Elite Cabal.
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I respect Mr. Musk for his engineering prowess, his ability to assemble groups of intelligent people to attain success, his forward thinking, ingenuity and optimism, but his support for AI and robotics scares the hell out of me, I don’t like the idea of rushing headlong into the future, being led by people with avant garde philosophy, but have questionable morals in this regard, they are forcing change toward their lofty goals but never seem to consider the repercussions or the unforeseen consequences of their endeavors, they always highlight the potential glorious outcomes of their ideas but it seems that the negative or destructive side effects are never mentioned, or only briefly, and personally I do not wish to be ruled by super smart robots who have no spiritual guidance or understanding, in the end these are machines, and they cannot be programmed with any spirit or soul, this is all an artificial pipe dream and these things can easily have devastating and horrible consequences for the human race and for other life forms on this planet, it is happening at an ever increasing pace, and to me, all of this super modern technology is erasing forever what it means to be truly human, made in God’s image, and so I will remain opposed to all of this pie in the sky bullshit until someone, such as Mr. Musk, can give me one good reason why I should not. So far all he has done is to promote a half-baked, false optimism that is bereft of any existential guardrails or caution, he wants his fantasy world to become reality and as such, he comes off as an arrogant atheist who could care less about people who sincerely believe that God put us here for a reason, there is a reason for hardship and doing things the old fashioned way, not everything needs to change in order to satisfy these technocrats with their maniacal dreams, there should be resistance to this scale of societal change, it is reasonable to question it, and right now the objections and concerns of very good, honest people that care about the future of humanity and what we were actually put here for, and why we exist, are being wholly overlooked and set aside, because of the fantastically over-embellished proclamations of these technocrats who pride themselves on their intellectual prowess, but have no internal conscience or off button, or constraints when it comes to the effects of their plans on the deep spirituality of Man, or on the universe and life that God created naturally, it is as if they consider themselves gods and want to out-create the supernatural, and to me, this is what makes them inconsiderate and maniacal, I do not trust any of these technocrats, and I believe humanity is in great peril, as not one of these supposedly super intelligent people have given any indication that they are even remotely religious, or even remotely care what spiritually minded individuals may think about all of this. For this reason, I stand opposed to this digital super-science and AI until convinced otherwise. And it will be a cold day in Hell before they ever talk me into it, right now they aren’t even bothering to try.