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When is a IPO like a Ponzi Scheme? Or Tulip Mania? Can Altman be trusted? episode artwork

EPISODE · Jun 15, 2026 · 39 MIN

When is a IPO like a Ponzi Scheme? Or Tulip Mania? Can Altman be trusted?

from Plato's Cave: Economic and Media Analysis in a Dark Time · host Professors Bill Waller and Linda Robertson

Join us as we discuss how OpenAI secured a lucrative Pentagon contract after Anthropic turned it down for ethical reasons. Then, take a deep dive into how the stock market really works to understand why commentators agree with us that Musk's IPO is a Ponzi Scheme and should remind everyone of the Tulip Craze, except then at least there were tulips after the bubble broke.

Episode metadata supplied by the publisher feed · Published Jun 15, 2026

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When is a IPO like a Ponzi Scheme? Or Tulip Mania? Can Altman be trusted?

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This episode was published on June 15, 2026.

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