Summary
Economist Jesse Rothstein warns that Elon Musk’s drastic government job cuts and contract cancellations could trigger a severe recession.
The March employment report is expected to show massive job losses, exacerbating economic uncertainty. Hiring freezes are already hitting universities and other sectors.
Rothstein fears even the government may not yet grasp the full extent of layoffs. Musk acknowledges short-term hardship but claims long-term prosperity.
Critics argue the economic fallout and loss of public services could be devastating.
That’s the point
Yup, this is late stage capitalism working as intended
This guy is going to cause a shitload of poverty and death. He need to go.
Buy low, sell high, so much easier when you’re the one picking what crashes, and what doesn’t.
The Great American Depression, as the world will write it. Or The Great Patriotic Bootstrapping Because Of The Gays Browns Women as they’ll teach in American Sunday through Monday schools.
c/noshitsherlock