Your both wrong, you based on your lack of understanding of economic fundamentals and OP in the belief that rich people are shooting them selves in the foot.
It’s true rich people are nominally undermining their own wealth by rushing us towards a collapse of financial assets, but OP misses that the rich are also hoarding real resources too: properties (including fucking BUNKERS), farmland and most likely massive storages of food and other necessities. Peter Thiel style people want to crash the economy because when they do, their wealth takes the form of tangible power over who gets to be alive. As opposed to today, that power will not be abstract.
Having money, at a certain point, has very little to do with accessing and consuming goods or services, but rather controlling others’ access to those resources, i.e power. This is what drives these people. Fundamentally, a lot of super rich capitalists are betting that they will end up with more power by collapsing capitalism itself. It’s their revolution. They’re very long-term thinkers with impeccable class solidarity and coordination.
They only have those things as long as we honor the social contract and I think we’re all hoping for a collective flipping of the rigged monopoly game soon
You’re right, but that’s particularly true within the current paradigm of capitalism, if they get to pick the next paradigm they will have a firmer grip over those things.
Your both wrong, you based on your lack of understanding of economic fundamentals and OP in the belief that rich people are shooting them selves in the foot.
It’s true rich people are nominally undermining their own wealth by rushing us towards a collapse of financial assets, but OP misses that the rich are also hoarding real resources too: properties (including fucking BUNKERS), farmland and most likely massive storages of food and other necessities. Peter Thiel style people want to crash the economy because when they do, their wealth takes the form of tangible power over who gets to be alive. As opposed to today, that power will not be abstract.
Having money, at a certain point, has very little to do with accessing and consuming goods or services, but rather controlling others’ access to those resources, i.e power. This is what drives these people. Fundamentally, a lot of super rich capitalists are betting that they will end up with more power by collapsing capitalism itself. It’s their revolution. They’re very long-term thinkers with impeccable class solidarity and coordination.
They only have those things as long as we honor the social contract and I think we’re all hoping for a collective flipping of the rigged monopoly game soon
You’re right, but that’s particularly true within the current paradigm of capitalism, if they get to pick the next paradigm they will have a firmer grip over those things.
That’s what I said dixkhead.