That wouldn't make sense though - once a sizable portion of the customer base is too poor to buy the services, there's no source of income anymore and the whole system collapses.
The key word is “once.” The doom of american society will not be in the timespan of a single business quarter. And on top of that the short position improves the whole way down. People at the top of the economy aren’t concerned about the rag being wrung dry because they will be the ones doing it, which will give them such a lopsided resource advantage it hardly will matter to them what happens next for the rest of us.
Economies aren't about "resources" or "wringing things dry", they are about trading. If you're not trading you don't have an economy and you aren't rich.
>You're presuming the rich care about "the system". That they have morals or ethics. They do not.
Of course they have. You're parroting some low quality extreme left talking points. Rich people are people just like you and me, with their own motivations, goals and internal values. Dehumanizing them won't solve society's problems.
They don't have any wealth in the system you're projecting.
Wealth is the ability to trade with people. If there were somehow only 10 "employed" people in the world, then the economy is 10 people big, which means none of them are wealthy.
One way to see that this scenario is absurd is that it's literally the plot of Atlas Shrugged.
