Well this is a sobering, and sadly reasonable, prediction.
The Investor Who Spotted Bernie Madoff’s Fraud Early Has a Whole New Worry
[apple.news]
[marketwatch.com]
The 89-year-old Edward Thorp was asked what he was learning about now. It was a sobering if measured reply — he was reading about what’s going on with American society.
“What may happen, I don’t think we can predict for sure what’s going to happen, but we can map out scenarios,” he said. “You could have an autocratic country where a minority pretty much rules everything and dictates to everybody else. You could have a turbulent country where a large part of the country, maybe a majority, is badly upset and just wants to bust everything up and start over somehow.”
Thorp also was measured in what can be done, saying there’s not much anyone can do on a grand scale. Essentially, there’s no hedge if the U.S. falls apart. “I think the best thing we can do is teach everybody to think for themselves, so they just don’t take what they’ve told in the press, or in other forms of media, the internet, Twitter, so on, they just don’t just take that and soak it up and believe it, but they question it, and ask whether in fact it might not be true, and what the motives are for the people who are putting these things out.”
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It's important to note that Thorpe, while accurately summarizing the current bleak state of affairs, does not take a definitive position on the future. Instead, he hedges his bets. And rightly so. No one knows what the future will bring. Personally, I think the future will continue to be a lot like the present: precarious, muddled, strident, full of potential for both good and ill. But what do I know?
Flyingsaucesir
Level 8
June 15, 2022
3
This is the story of the top ten percent of corporate conglomerates exploiting the corruptive weaknesses of the party that's willingly allowing its constituents to line their individual and collective pockets with "support" and "contributions."
The same can be said of Democrats.
However, recent events shine a brighter light on just how "conservatives" have always been so immorally skewed.
And this reality is lost on republican voters who turn out in droves in midterm elections because their puppetmasters' dog-whistling broadcasts have made them unduly fearful of losing their fucking "rights."
Midterm elections are surreptitiously MORE important than the generals. It's just a fucking shame the majority of liberal voters just don't see this yet.
August1
Level 6
June 15, 2022
3
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