This month, the US stock market lost two trillion dollars in market-cap due to a problem that science R&D could have preemptively solved.
That figure exceeds the sum of all funds ever received over all years since 1950 by the National Science Foundation, the NIH, and the CDC.
Deep in dept, selling less than 400,000 vehicles last year, and challenged by several competing electric car models in 2020, Tesla's stock valuation stunningly exceeds VW which sold over 10 million vehicles last year. Watch out Tesla believers. -R
Do new technologies (self-driving cars, AI, etc.) cause job loss? Technology ups profits if capitalists install machines and fire workers. Alternative: install machines, keep all jobs but at reduced hours. Profits for the few vs more leisure for the many: the choice is ours.