57. Elon Musk: The Fiat Rockefeller

In this episode Saifedean talks to regular seminar attendees about Elon Musk’s recent bitcoin comments, and what they teach us about him & his business empire. Saifedean compares Elon Musk to John D. Rockefeller – both the richest men in the world in their eras – and discusses the extent to which their innovations have had an impact on the lives of everyday people, to give us an idea of how fiat alters society. To become the richest man in the world, Rockefeller built the modern industrial world, transforming the lives of billions, while Musk traded carbon credits & received subsidies to unprofitably build a few toy cars for the rich.