The S&P makes you rich. The State keeps the wealth

The world’s most valuable asset has no CEO (and doesn’t need one)

A few days ago someone sent me a tweet I haven’t been able to get out of my head. It said something like this:

“If you brought a higher intelligence extraterrestrial to Earth without telling them anything about what’s going on and showed them this chart, they would say: ‘Your species simulates universes, manipulates atoms, and connects billions of minds through AI, yet the most valuable assets on the planet are still two stones used as shelter.

Because deep down, you all know your ‘solidarity’ consists of plundering those who produce.’”

There they are. Gold and silver. Two stones. Above Nvidia, Apple, Microsoft, or Amazon. Above AI, semiconductors, satellites, and neural networks.

And people ask: how can this be?

We’re living in the 21st century!

But really, this isn’t a surprise. Not to us. We said it long ago, in this article and this one too. We’ve been repeating it for years: it’s not just about what an asset produces. It’s about what you’re allowed to keep.

You can live in the paradise…