By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 03/10/2026That instability eventually reaches a breaking point in which the old order collapses in spectacular fashion, and that collapse destroys vast amounts of capital stock. 1391
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 03/10/2026Since this breaking point arrives as a result of oligarchy, in which nearly all the world's wealth has been hoarded by a tiny number of people, those aristocrats are disproportionately impoverished by the conflagration. 1454
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 03/10/2026If 90% of the wealth is in the hands of 1% of the people, a war or disaster that wipes out most capital will mostly destroy the wealth of the 1%. The poor suffer terribly, but they start with nothing - and end with nothing. 1463
