Again people confuse paper wealth and material assets. If you take half of money of 0.001% people imagine there will be material change in world of atoms but thats not true. You can't take 8 mil Richard Mille watch and build an apartment building. We are mostly resource constrained. There are no material assets to convert all the paper wealth into. Telsa's physical assets are like 5% of Tesla's market cap the rest is cultish belief in Elon. You can't convert that into a hospital. It's trivial to observe on AI side there is unlimited amount of $ available and yet companies are supplied constrained on the atoms side from gas turbines having 3-4 year lead times to ASML running 24/7 prod cycle and yet unable to meet demand.
alt Hacker News
Again people confuse paper wealth and material assets. If you take half of money of 0.001% people imagine there will be material change in world of atoms but thats not true. You can't take 8 mil Richard Mille watch and build an apartment building. We are mostly resource constrained. There are no material assets to convert all the paper wealth into. Telsa's physical assets are like 5% of Tesla's market cap the rest is cultish belief in Elon. You can't convert that into a hospital. It's trivial to observe on AI side there is unlimited amount of $ available and yet companies are supplied constrained on the atoms side from gas turbines having 3-4 year lead times to ASML running 24/7 prod cycle and yet unable to meet demand.