It’s not like ”they” held a meeting to decide they were going to get everything for themselves. Rather they’re embracing this inevitable ”feature” of the ongoing collapse of market economics.

Increasing the concentration of financial capital in the hands of a few people changes the value of that capital. For normal people, the dollar value is measured in the cost of food and living space. Billionaires, who despite evidence to the contrary, are human beings, don’t need or demand more of those real resources – say potatoes or tenancy in small rental apartments – than anyone else. In fact, they can in many cases make do with less! They prefer to subside on lobster, filet mignon or whatever fad diet their longevity coach prescribes, and live in lavish palaces and/or bunkers.

Billionaires, and even down to the measly top 10 percent of earners, are the ultimate hedge when things go sideways in the real economy. They allow governments to keep printing money by diverting a tidy sum of it from potatoes and apartment leases to the lobster, filet mignon, yacht and private jet economy – and more importantly, their investment portfolios.

My point being, that malevolence isn’t the main driver here, but a widespread failure of people to acknowledge that the fantasy of limitless growth inevitably must be realized within the confines of the fantasy world of the financial economy by insulating it from the real economy. Because in the latter we eventually have to accept that we have reached the highest amount of potatoes and apartments possible. This failure is on everyone, not just billionaires.

At this point, though, I guess ”they” (Peter Thiel et al) have pretty much decided to help this collapse along with the help of every major government. So I guess you’re right.