A Collection of Things

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2026/06/17/its-the-stupid-economy-stupid/#trillionairitis

Here's a fun fact about Elon Musk: in 2020, his (nominal) net worth was $20b, and today it's $1t (nominally). But that's not the fun fact; this is: everything he's done since 2020 was a flop.

As John Quiggin writes, the pre-2020 Musk was the Musk of Tesla, batteries and Starlink. The post-2020 Musk is the Musk of Starship, robotaxis, Cybertrucks and Twitter – a string of commercial flops and assets that literally exploded. I would add that post-2020 Musk created the world's hungriest money-furnace, an automated child-porn production tool called "XAI":

https://crookedtimber.org/2026/06/15/one-big-grift/

Quiggin declares that this is the era in which "financial markets fail in the task of valuing assets accurately," and "the institutional structures that are supposed to make them work have given up trying." Nor did this start with the Spacex IPO. As Quiggin writes, Bitcoin and other cryptos were once shunned by nominally sober financial institutions like Goldman Sachs, but today, not only do all the big banks offer crypto services, people have largely stopped calling it cryptocurrency because no one is even pretending that it's a form of money. It's a tradeable collectible, not even particularly useful for paying for crimes or laundering money.

Spacex is just a continuation of the logic of crypto, in which something is valuable because some people think other people will pay more for it in the future, and not because it does useful things:

https://johnquiggin.com/2018/02/09/bitcoin-kills-the-efficient-market-hypothesis/

That's the logic of the whole market today. AI – the world's money-losingest technology – attracts investment at the expense of everything else. When horrified NIH lifers begged the DOGE boys not to shut down long-running medical research projects, Musk's broccoli-haired brownshirts laughed in their faces, saying we don't need cancer research because "GAI" is almost here and it will cure cancer. You could hardly ask for a better example of investing in vibes over value than shutting down real cancer research to free up money for teaching more words to the word-guessing machine because it's about to become God and cure cancer.

Today, Goldman Sachs isn't merely all-in on crypto – it's all-in on the Spacex IPO. As Quiggin writes, the bank has signed off on Musk's claim that "Musk's ragbag of assets" will grow one hundredfold in the next 40 months.

Him: how is Jean Valjean?

Me: hasn’t arrived yet. How is Ishmael?

Him: real enamored with his roomie in New Bedford.

Some time later

Him: Alright! We made it to the ship!

Me, chanting: Boat! Boat! Boat!

Another time jump

Me: how are the whale facts?

Him: he is still giving detailed descriptions of the crew. How are the sewers?

What were the biggest swords in history actually for? (Hint: they were bigger than this one)

basically, there's been an ants' nest near a vent shaft of this abandoned Soviet bunker for decades. the nest spilled over into the bunker itself at some point once it was abandoned and there was no way for the ants to make their way back up to the nest, no queen but a constant supply of new colony members raining down from above, and no source of food in the bunker other than the corpses of their fellow ants.

fast forward to some scientists looking for bats that stumble on what's basically a post-apocalyptic ant society. they go "holy fuck" start studying, and observe that, all things considered, the ants still pretty much act like regular ants doing regular ant things.

fast forward some more, and the scientists feel like they have enough data from observing the colony as-is, so they decide to try an experiment. they put a little walkway between the bunker colony and the og colony in the vent shaft so the bunker colony members have the option of leaving and rejoining the og colony.

spoiler alert: every single ant in the bunker immediately nopes the fuck back to the colony in the vent shaft. within days the bunker is completely empty. the scientists leave the walkway in place so when more ants inevitably fall back down the vent shaft they can just climb back up instead of starting up the cycle anew.

What if the children go to schools unafraid of tear gas and bullets?

What if the birds come back, and the bees are healed, and every species moves from endangered, to threatened, to thriving?

What if the rainforest ADVANCES?

What if every parking lot had solar panels? What if every structure had solar panels? What if we built climbing gyms and terraced gardens in the skeletons of old coal power plants?

What if you baked your neighbor bread, and they shared their home-grown blackberries?

What if every person who needed a home, had one? What if every person who needed healing was healed?

What if every body was treasured for what it was, not what it should be?

What if every trans child's parents attended their graduation, their wedding, their new-name-day?

What if every warehouse became a closed-circle repair station? Goods flowing out, and back, and out again? What if landfills started to SHRINK?

What if the water and air were clean? What if there was enough public transit that the cars dwindled, leaving the streets safe for kids on bikes, evening deer, midnight cats and foxes?

What if we win?

The condors are back. The whales are saved. The sea turtles are no longer endangered. The cranes are back. The bees are recovering. The air in LA and Tokyo and London is clean again. The aquifers in the LA Basin are refilling.

Children are kinder than previous generations. Parents are stopping the abuse cycle. Being trans and queer is more acceptable than ever on a ground level.

It's hard to see if you're young, if you don't know how to step back from social media and the news. But remember--bad news sells, and the algorithm knows despair keeps you scrolling. It's a skewed lens.

We are fighting and we are winning against this adminstration's bullying. We are coming together against the bullies and they are running away scared because they don't understand that we will do that.

People are working hard every day to find ways to make sure fewer animals get hit by cars and planes and rockets.

Maker spaces are more common than ever. Solar and wind are more common than ever. Coal plants are shutting down every day.

Unprecedented numbers of acres are being bought back or given back to their rightful stewards, and the world heals because of it. People are working hard every day to learn how to help a forest recover faster.

We are not at zero. We are at decades of effort to heal the world. We've come SO far.

In 1982 there were only 22 California Condors left in the world. In 1992, when the U.S. Fish and Wildlife Service (USFWS), with its public and private partners, began reintroducing captive-bred condors to the wild. In 2001 the first wild nesting occurred in Grand Canyon National Park since re-introduction. In 2002 there were only 8 pairs of wild nesting birds population-wide. In 2008, for the first time since the program began, more California condors were flying free in the wild than in captivity. Today there are nearly 500 – more than half of them flying free in Arizona, Utah, California, and Baja Mexico.

When I was born, there were no condors in the wild. I'm 37 now, and there are over 250 condors flying free.

When my mom was born in 1955, there were days when she wasn't allowed to go outside to play, because of the air pollution. When I was born, that never happened anymore.

When I was born, humpback whales were critically endangered, and people thought they were going to go extinct. Today, they've recovered to exceed their recorded numbers. Other whales too!

We fixed it.

Since 1990 extreme poverty has decreased worldwide by over HALF.

This sketch is incredible. Perfect moment to capture. 10/10 for the artist.

Link to post

this caused a lot of issues both in terms of fixing said space-time-continuum and in terms of nautical navigation, and after a long and heavy battle in the international maritime organization it was decided that the bureaucratic burden of dealing with this was to be upon Ireland, much to their dismay. the Irish Government then released an app for all sailors and seafarers so they could report titanic sightings during their journeys, even though they heavily dissuaded you from reporting them given the paperwork it caused.

anyway i woke up with a clear image of the app in my head and needed to recreate it for all of you: