 Elon Musk has become the world's richest person after the share price of his company, Tesla, increased. Now, his net worth now reportedly stands at $185 billion. This means he has overtaken the previous holder of this title, Amazon founder Jeff Bezos. Now, this is from a BBC report. They write, Mr Musk's electric car company Tesla has surged in value this year and hit a market value of $700 billion or 516 billion pounds for the first time on Wednesday. That makes the car company worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined. Now, that is phenomenal. This is a company which has only turned a profit this year. It hasn't turned a profit before that because it's been spending more than it has been taking in. Now, they are all the biggest car companies in the world, enormous revenue. Is this a bubble? Is this investors getting completely carried away by the fact that the price keeps going up a bit like with Bitcoin or something? Or are people betting that electric cars are the future and that Tesla is completely going to dominate that market? Whatever happens, Elon Musk is probably going to have a lot of money. This is what he says he wants to spend it on. This is from a tweet from a little while ago. He says, about half my money is intended to help problems on Earth and half to help establish a self-sustaining city on Mars to ensure continuation of life of all species in case Earth gets hit by a meteor like the dinosaurs or World War III happens and we destroy ourselves. Now, the chances of a meteoroid hitting this country, this country, very parochial of me there, a meteoroid hitting the planet in the near future are very small. Much more likely is it becomes uninhabitable because of climate change. So I'd prefer him to be investing that money in green technologies instead of getting to Mars. I doubt that many people can live on Mars. Although you could say the electric cars kind of falls into that. Dalia, I want your take on this. What does it say about capitalism that Elon Musk is now the world's richest man? I mean, it tells me that wealth is generated on completely fraudulent and particular spaces. I have to say that I'm actually kind of surprised that he overtook Bezos. In this particular moment, obviously these kind of figures change a lot. They change very frequently. But Amazon has just harnessed the coronavirus crisis so effectively that I just kind of expected it to be solidly Bezos for a while. But obviously, we need to pierce through this ridiculous myth-making that happens around people like Elon Musk. This idea that he is just like this genius and he's frequently called a genius by politicians. And politicians in the US in particular really kind of helped to fabricate this. Trump called him a genius multiple times. California legislators and governors all kind of play into this. He did not amass this wealth through any individual genius. He's not even the actual legit co-founder of Tesla. He actually essentially bought that label through an out-of-court settlement with the actual people that did found Tesla. He amassed this wealth from union busting on an unprecedented scale, government subsidies, $4.9 billion of government subsidies to be precise, violating basic labor and health and safety standards. The most recent example of that was when he insisted on opening the Tesla factories despite that violating the local coronavirus lockdown rules in California. And actually the rules around lockdown changed. California changed those rules in order to accommodate Elon Musk wanting to open up his factory. His wealth also comes from the fact that the money that kicked off his career comes from the fact that his family were involved in the emerald mining business in South Africa, which in apartheid South Africa. And the mining business especially was absolutely central to the economic fabric of apartheid. Mining is a really central and it continues to be a central site of very heavy exploitation and violence against Black Southern Africans. So it's often said that there's no such thing as a self-made billionaire and I think Elon Musk is a perfect case study of that. So really the kind of mythologizing that we will be seeing of Elon Musk and people like him is pretty nauseating. He's sort of part of this emerging, it's particularly prevalent in Silicon Valley, this emerging cults of the tech billionaire or the uber wealthy sort of innovator, which kind of in a sense gave rise to Trump. This idea that billionaires will save us from the big structural issues of the day and that Elon Musk when the pandemic started, he said that he was going to provide California with loads of ventilators that again, which is what prompted the California politicians to treat him like some kind of messiah and then it ended up actually that he was providing CPAP machines which weren't in any kind of, which weren't there was like, which wasn't under resourced and is far cheaper and far easier to make than ventilators. But also this idea that we should put more billionaires and more millionaires in government because and Trump used this a lot and I think it really contributed to his appeal that he's going to run the country in the way that he runs one of his businesses, which to be fair, he's kind of delivered on because most of his businesses ended in bankruptcy and a garbage fire, which is kind of also now what's happening in the US. But in reality, these very people are the very cause of a lot of the problems that we are facing, including the climate crisis, as you pointed out, Michael.