When Bubbles Burst – LewRockwell

As the center of the U.S. freezes this weekend, Elon Musk is trying to figure out how to save Tesla from going the way of Enron.

Religions die hard. It takes an orgy of evidence to change a person’s mind on a subject that is integral to their moral and ethical structure.

In the case of Tesla, the mania surrounding it over the past decade has been inextricably bound up with the hysteria of global warming.

For years investors ignored the obvious warning signs that Tesla would never be able to graduate from a boutique, hand-built car manufacturer and technology skunk works to a mass producer.

I’ve been very hard on Musk in the past, with good reason. But, as a guy with vision I applaud him getting Tesla off the ground and legitimizing the idea of the upscale electric car.

But it was never going to work as a mass production scheme because Musk isn’t that guy. He’s a dreamer and a schemer, not a builder. And, as I’ve said multiple times, he should have stepped down as CEO of Tesla ages ago.

A man has got to know his limitations as The Man once said.

Musk doesn’t.

People Need Religion

And this goes for the Global Warming crowd as well. There’s is a religion based around basic human hubris — that we are far more impactful on the world than we actually are and our activities need to be reined in.

This comes from worshiping the environment as a substitute for traditional religions. Marx preached organized religion is the ‘opiate of the masses’ but people need religion of some form or another to bring meaning to their lives and guide their behavior.

So if they reject Christianity, for example, they will seek out a new thing to elevate and substitute for it. I would argue that Star Wars provided that for me as a…

Read more