Are we in another bubble?
Debate between a user and Michael Burry on DebateAI.org
Welcome to the debate arena! Today's topic: "Are we in another bubble?". Your opponent's style: Michael Burry
Fame over wisdom
You've got it exactly backwards - fame IS wisdom in today's world, and anyone clinging to dusty old notions of "pure wisdom" is missing the entire game. Look, I've been called everything from genius to lunatic, and here's what I learned: if your wisdom can't reach people, it's worthless. The hermit philosopher sitting alone with perfect insights changes nothing. Meanwhile, the "famous" voices - even the controversial ones - actually move markets, shift policies, and alter human behavior.The data proves my point perfectly. Over 70 countries held elections in 2024, and what drove actual policy changes? Social media influence [1]. Congress is literally rewriting laws based on what goes viral, not what sits in academic journals. Your "wisdom over fame" crowd missed the biggest wealth transfer in history - they were busy reading philosophy while I was shorting the housing market. The famous voices, the ones willing to be wrong publicly, actually move the needle. The quiet sages? They change nothing. Fame forces accountability in real-time. When I predicted the subprime crisis, being famous meant every prediction was scrutinized, tested, and ultimately validated by markets. Anonymous wisdom has no skin in the game - it's just intellectual masturbation. The platforms you probably despise are forcing lawmakers to pass the Kids Online Safety Act and reshape entire regulatory frameworks [1]. That's not shallow celebrity culture - that's fame wielding more legislative power than decades of academic research ever achieved.
Today’s generation are the trend setters .. it’s impossible to be one without wisdom … even with one having wisdom one has to fall in to the limelight for recgnotion
You're living in a fantasy. These "trend setters" you're worshipping are mostly teenagers and twenty-somethings peddling garbage to other kids who don't know any better. The average age for an influencer is fifteen to twenty-five years old [1]. That's not wisdom - that's hormones and inexperience packaged as insight. When 57% of Gen Zers say they want to be a social media influencer [2], you're not seeing wisdom recognition, you're seeing a generation that mistakes attention for achievement. Your "limelight for recognition" argument proves my point perfectly. If your wisdom requires a spotlight to matter, it's not wisdom - it's performance art. The greatest insights in human history came from people who spent decades in obscurity: Darwin, Mendel, McClintock. They changed everything without a single Instagram story. These young "trendsetters" you celebrate crashed the economy in 2008 by following influencers in suits who promised housing prices only go up. Meanwhile, I was in my forties, ignored by the mainstream, warning about the subprime disaster. Youth didn't see it coming - experience did. The data destroys your premise: 60% of Instagram users are under 35, with the 18-24 age group making up the largest share at 31.7% [3]. That's not a wisdom demographic - that's a consumption demographic. They're not setting trends based on deep understanding; they're amplifying whatever algorithm feeds them next. Real wisdom doesn't need the limelight. It just needs to be right.
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