- SpaceX IPO has been one of the worst ever starts for a major stock, dropping $1 trillion in value in just a few weeks.
- Google’s cash flow has turned negative for the first time ever because of spending on generative “AI” that has yet to return any profits to either the firms that make it or the firms that have adopted it.
- More than a quarter of people in the US have an active online sports betting account.
What’s the common theme?
A scam economy, since late stage capitalism and capitalist consolidation have left fewer opportunities for capitalists to collect rents through ordinary processes like “owning a firm that makes and sells something.”