The electric car crash will rival the dotcom bubble

Once the dust settles – and we are nowhere near that – the dotcom bubble will seem cute and quaint compared to this. DotCom was a classical Ponzi where investors poured obscene amounts of cash into startups that were not worth the paper their PowerPoint presentations were printed on. But it was not fueled by mountains of subsidies created from money we never had. And they were also not affecting the fundamental ability of people to live. DotCom was a financial thing. But the entire green blob takes people’s ability to live away. The majority of the population is and will be so deeply damaged that it will take more than one generation to allow healing. Everyone will bleed. 

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