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Economic depression or recession is not the worry: the worry is political extremists on the left or on the right taking control of the government a la Russia in
by hollerith 3y ago
Economic depression or recession is not the worry: the worry is political extremists on the left or on the right taking control of the government a la Russia in 1917, Germany in 1932 or China in 1949. Even though the probability of such an outcome is very low, it makes sense for rich people to protect against it because of how deadly and full of long bouts of suffering and trauma such outcomes are.
- barryrandall 3y agoI think you're getting at the root of the issue. The problem isn't that the perceived probability of a revolution is high, it's that people are accustomed to that being effectively zero, and it's not perceived to be effectively zero any more.
- Milton6 3y agoAnd if such a thing happens there will still be an economic crisis
- archagon 3y agoWhich political extremists on the left are at risk of taking control of the government…?
- mostlysimilar 3y ago> political extremists on the left or on the right One of these two groups actively courts such extremists while the other shuns them.