SCOTT GALLOWAY: Elon Musk is now the most influential person in the world – whether or not that’s a good thing remains to be seen

  • Date: 08-May-2021
  • Source: Business Insider
  • Sector:Transport
  • Country:Middle East
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SCOTT GALLOWAY: Elon Musk is now the most influential person in the world – whether or not that’s a good thing remains to be seen

I often write about platforms (iOS, Amazon Marketplace, etc.) as they are a source of value creation and power. The platform of unprecedented wealth creation is the free market of capitalism. The global adoption of markets has corresponded with the greatest expansion of prosperity in human history. But similar to tech platforms, free markets are neither naturally occurring nor immune to collapse. The "free" market can fail.

Live from New York

This Saturday at 11:29 p.m. ET, we'll witness the latest manifestation of market failure. A new king will seize the Iron Throne from Mark Zuckerberg, whose empire has been disarticulated. (He just doesn't know it yet.) I wonder if Professor Tim Wu or Senator Amy Klobuchar visits the Night King in his dreams? Or maybe depressed teens, the GRU, or the ghosts of people dragged out of their cars in India and hanged because of falsehoods spread on WhatsApp. OK … that escalated quickly.

Anyway, the social network's CEO has ceded the Iron Throne to the Launcher of Dragons, Borer of Tunnels, and Father of X Æ A-Xii. The coronation will take place before a live studio audience, with Tesla long bots and adoring CNBC personalities shaming anybody who doesn't surrender to