Distinction without a difference in this case. When you are as rich and powerful as Elon Musk, you usually get away with your own stupidity and it will ultimately turn to your benefits no matter what. The law of the accumulation of wealth also applies to social capital.
I think it's healthy to calibrate one's own beliefs to reality. So maybe you're right and there is no difference in outcome.
But strictly for my own mental model, I think it is far more accurate to model this as "super rich guy makes shit up on the spot and has no master plan" rather than "this is part of a massively complex plot that relies on second- and third-order psychological effects planned years in advance."
It is really human to over value intentions at the cost of the outcome. Even our legal system does this to a pretty large extent. However when looking and trying to grasp the amazing amount of share stupidity the rich folks do, we have to ask: „how does this much stupidity yield so high rewards?“
IMO it is way more damning to us as a society that people can be this stupid and still become so insanely rich, then if someone had an evil masterplan to manipulate others into making them more and more.
But at the end of the day, this concern is dwarfed by the fact that in either case we let them get away with it and ultimately reward them with insane wealth. This is the true damning of our society that these people are given all this wealth and power in the first place, and after the fact, honestly they can do whatever they like. And what they do isn’t pretty at all.
It is because you should separate the style of execution from the target effect: Musk sounds like a bumbling idiot but... he s halving payroll... it's gonna reduce the load tremendously for a while and if he stops innovating, swallow a loss compensated by paying customers for a while, it might end up surviving enough to provide him some returns.
The difference between me, clever socially but idiot as an entrepreneur, and Musk, the definition of asshole but with good instincts, is enough I suppose ?
> But strictly for my own mental model, I think it is far more accurate to model this as "super rich guy makes shit up on the spot and has no master plan" rather than "this is part of a massively complex plot that relies on second- and third-order psychological effects planned years in advance."
B.b.but a bunch of his PR guys convinced a lot of Redditors that he's the real-life Tony Stark who's saving humanity as we speak. What have you done? How could the PR not by true, if so many people repeat it?
> When you are as rich and powerful as Elon Musk, you usually get away with your own stupidity and it will ultimately turn to your benefits no matter what.
I'm yet to see how that idiotic "pedo guy" episode turns out to benefit Elon Musk.
How the accumulation of wealth works statistically is that when transacting with less wealthy players, you have a lot more to win and a lot less to loose, while the other player has everything to loose and—relative to you—hardly anything to win. Over time this results in gradual accumulation of wealth.
I see the accumulation of social capital no differently. This particular transaction might not have benefited him, he might even had lost some from it. But over time, other transactions more then made up for that mistake, and this one became irrelevant, which really is to his benefit.
All publicity is good publicity when you're in the game of monopolizing the world's attention market, c.f. the constant publicity stunts of figures like Trump and Kanye.
