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One of the stupidities that billionaires value most ( and the most destructive one ) is this 👇
The belief that we live in a system based on merit and that the richest people's desires must necessarily be correct.
This is a modern update of the doctrine of divine providence that advocates the view that we can understand God's grace through wealth. The more God loves you, the wealthier He makes you.
Every economic disaster in world history was the responsibility of rich people.
The wealthy subjected us to 19th-century bank panics.
They created the South Sea bubble.
They created the Great Depression, the Savings and Loan Crisis, and the Great Financial Crisis.
They invented greed-fueled inflation and created the cost of living crisis.
Today, they are laying the groundwork for an artificial intelligence collapse that will make 2008 look like the best day of your life.