FRYD

While you’re right, I’m personally of the mind that they’re at more risk than that. Yeah some people will still be rich and powerful when the cards start falling, but I think things are gonna breakdown too fast for them to manage. If too many “regular folk” become too poor too quickly, things will get violent. It hasn’t happened yet because neoliberalism thrives in a state of managed decline.

I think the decline will accelerate dramatically as soon as something big enough happens to break private equity. PE is in a very precarious state from everything I’ve been reading, relying and vast amounts of debt in order to maintain itself. When that breaks, it’s going to do serious damage to the economy as regular folk experience it very quickly. At which point the rich and powerful are going to have to both sacrifice and coordinate to stop the bleeding which I don’t think they’re capable of. Instead they’re expecting this collapse and literally building bunkers.

I’m no expert, but I’d say everything looks pretty bad. AI bubble, housing crisis, climate change, Iran. I’m pretty sure as soon as any big money player blinks, things are gonna crumble fast.