Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

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ReallyActuallyFrankenstein@lemmynsfw.com ⁨1⁩ ⁨day⁩ 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.)

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