Pluralistic: The (real) dead economy theory (17 Jun 2026) https:// fed.brid.gy/r/https://pluralis tic.net/2026/06/17/its-the-stupid-economy-stupid/
Cory Doctorow's latest article, "The (real) dead economy theory," published on Pluralistic, critiques the current economic landscape, particularly focusing on speculative investments in ventures like Elon Musk's companies and AI. Doctorow highlights how financial markets are increasingly valuing assets based on future speculative potential rather than current utility or profitability, citing examples such as Musk's post-2020 ventures and the rise of cryptocurrencies. The piece also touches upon the concerning trend of diverting funds from essential research, like medical studies, towards AI development, driven by the belief that AI will solve all future problems. AI
IMPACT Highlights how speculative AI investment may divert resources from critical research and devalue tangible economic output.