Tuesday , November 5 2024
Home / Mike Norman Economics / Jason Rhode — The real reason tech billionaires are prepping for doomsday

Jason Rhode — The real reason tech billionaires are prepping for doomsday

Summary:
The real reason is that they think everyone is like them. A misanthropic view of humanity guides the tech aristocracy — and it’s trickled into their vision of the future But I would argue it goes somewhat deeper than that. They are aware of how tenuous civilization has becomes, being so dependent on fragile systems that are highly efficient but lack resilience and there is inadequate redundancy and backup. Vital resource shortages could develop more quickly than they can be addressed as a result of an unforeseen shock or uncontrollable surprise event.There are a lot of preppers and survivalists out there, but these folks are in a class by themselves owing to their wealth.SalonThe real reason tech billionaires are prepping for doomsday Jason Rhode

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

The real reason is that they think everyone is like them.
A misanthropic view of humanity guides the tech aristocracy — and it’s trickled into their vision of the future
But I would argue it goes somewhat deeper than that. They are aware of how tenuous civilization has becomes, being so dependent on fragile systems that are highly efficient but lack resilience and there is inadequate redundancy and backup. Vital resource shortages could develop more quickly than they can be addressed as a result of an unforeseen shock or uncontrollable surprise event.

There are a lot of preppers and survivalists out there, but these folks are in a class by themselves owing to their wealth.

Salon
The real reason tech billionaires are prepping for doomsday

Jason Rhode


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *