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The Rich Are Hoarding Wealth — Because They Know What’s Coming (archive.ph)

submitted 1 day ago by nicerdicer@feddit.org to c/longreads@sh.itjust.works

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The Takeaway — Collapse Isn’t a Flaw, It’s the Plan

The rich are not scrambling to prevent collapse. They welcome it — because they know they’ll be the only ones left standing. While the rest of us are told to “sacrifice” and “tighten our belts,” billionaires are building bunkers, buying private islands, and hoarding resources for the dystopia they see coming.

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[–] mindlesscrollyparrot@discuss.tchncs.de 1 points 1 day ago (1 children)

The tariffs are hurting America because American manufacturing - like all manufacturing around the world - depends on global supply chains. Do you think those container ships are still going to be doing business as usual after the collapse?

[–] sinceasdf@lemmy.world 0 points 1 day ago* (last edited 1 day ago)

I don't really see why that would impact them. I think the techbro economies are designed with these kinds of constraints in mind. They don't care about global productivity where they don't control it, and they have the means to secure much of whatever they think they need by coercion or force (particularly after a global collapse like what this article is about). Musk and co can own a private fleet of container ships especially once nobody can use them for normal trade anymore and people are desperate to offload them - if they even really need them in the first place.

They can buy and resurrect entire portions of the economy given their outsized proportion of wealth. Entire countries operate on less. How do you think dictators, feudalism, kings, gangs and every other despot power structure operate and have operated for all of human history? This is way beyond money. This is political power where money is just the means to achieve an end goal. Does Putin live in anything but opulent wealth despite his entire country's economy being in the shitter?