The few winners of global recession will use the decline as a means to break the chokehold of unproductive BAU elites.
That the global economy is slipping into recession is self-evident. What’s not yet known is the eventual depth and length of the recession. Given that the extreme policies needed to avoid recession over the past 15 years have reached extremes that are now the problem, not the solution, there won’t be any more fiscal-monetary "saves" this time around.
What’s also not yet known is how far the few winners will advance and how far the losers will fall. Recall that when it comes to wealth and power, what matters is not absolute gains or losses, but relative gains or losses: how well we do in relation to our peers and competitors.
For example, among