• ReallyActuallyFrankenstein
    Aquileo | link
    Aquileo | fedilink
    English
    Aquileo | arrow-up
    23
    ·
    6 months ago

    Not everyone wins in a failing economy. If one billionaire makes out, three more lose money.

    No, yeah, that’s true. But the billionaires are also competing with each other in a (perceived) zero-sum game and they believe the ones who are cozying closest to Trump will be the best ones positioned to make money - either in a corrupt or a failing economy. But every recession has been a golden opportunity for billionaires.

    Heck, in post-collapse Russia, this is how oligarchs first appeared - the “shock therapy” of the 1990s transition to a market economy dropped the value of resources to nothing, and the rich at the time bought them and became the ultra-rich. Some didn’t make it. ( Like a super-bacteria forming from the ones not killed by antibiotics, the ones that survived were even more resistant to control.)