What do ya'll think about the conjecture that the elites in the USA want to destroy the actual economy while keeping their world of financial bullshit going?

The current K shaped economy being just the beginning. The elites realised that making more money wont change much for them, but they can make everyone else poor and then live as feudal lords.

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vehemenz 35 minutes ago | parent | next [-]

Sounds like Yanis Varoufakis's https://en.wikipedia.org/wiki/Technofeudalism

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ortusdux 4 hours ago | parent | prev | next [-]

Everything I've seen feels like the aftermath of a leveraged buyout.

	▲	fullshark 3 hours ago \| parent [-]
		Yeah they don't want to destroy everything, they want to own everything, and shrink the costs of ownership by any means necessary. Labor costs are one of the more untolerable aspects of ownership of entire industries.

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saturn8601 2 hours ago | parent | prev | next [-]

This only works if they are able to detach wealth from the cost of labor (ie. AI for service jobs robots for physical jobs). At that point the populace will have no way to generate value so the elites dont need them anymore. It remains to be seen if this comes to pass. My daily AI screwups need to be fixed if we are to even consider this.

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tim333 2 hours ago | parent | prev [-]

I haven't seem much evidence of them wanting to destroy the economy. Trump may do some damage with his trade war everyone and run up the debt policy but I think he wants America to do well even if the policies are kind of dumb? (Brit here - I may be quite wrong).