By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 17/06/2026Today, 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*. 12/ 524031
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 17/06/2026Quiggin's short essay has been rolling around in my mind since I read it a couple days ago. Then, yesterday, I spotted this essay by Owen McGrann entitled "The Dead Economy Theory": www.owenmcgrann.com/p/the-dead-e... 13/owenmcgrann.comThe Dead Economy TheoryWe can laugh at them but we have to take this seriously 119524
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 17/06/2026The perfect name for this! Or so I thought. Then I read McGrann's article, and discovered that it's yet another piece asking how the economy will work after AI takes all of our jobs because AI is absolutely going to do that and there's no point in even questioning whether that will happen. 14/ 218215
