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'To the moon!': Elon Musk, Dogecoin, and the political economy of charismatic leadership.

Authors :
Zelinsky, Dominik
Source :
Journal of Cultural Economy; Jun2024, Vol. 17 Issue 3, p297-313, 17p
Publication Year :
2024

Abstract

This article investigates a neglected aspect of charismatic authority: the problem of economic practices of charismatic leaders and their communities. Drawing on Weber's classical theory of charisma, I argue that charismatic communities and their ideologies economically operate on principles of gift and bounty. I demonstrate the value of this analysis on a contemporary case of Elon Musk's charisma and his involvement with the Dogecoin cryptocurrency through Twitter. Through analysis of Musk's performances and his admirers' online activity, I argue that to those who believed in Musk, his involvement constituted either a gift to the community or a bounty-hunter-like feat that further enhanced his charismatic authority. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
17530350
Volume :
17
Issue :
3
Database :
Complementary Index
Journal :
Journal of Cultural Economy
Publication Type :
Academic Journal
Accession number :
177799280
Full Text :
https://doi.org/10.1080/17530350.2024.2302177