Wall Street threatens to take their toys and go home (to another planet, I guess)

Elizabeth_Warren_is_still_hovering-7ed31c309d882f9afeb40c7e7e31aac1Reading about Wall Street donors threatening to sit out the election or even support Trump if Elizabeth Warren is nominated, I wondered, “What is the future these people are dreaming of?”

“You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump,’” said a senior private equity executive, who spoke on condition of anonymity in fear of retribution by party leaders.

Now let’s be clear: “she’s going to hurt me” means “I will have to follow some rules so we don’t make the economy melt down again and will somewhat less super-rich than I am today.” Ouch!

But seriously – how are they weighing the outcomes here? Is it, “Well, before millions of Americans are fleeing the drowning coastal cities or waterless Arizona or the dead fields of the heartland, hanging rich people along the way, I will escape to Peter Thiel’s floating island country and spend the rest of my days enjoying food fabricated from what’s left of the biomass in our dying oceans?” How does that even make sense?

There is literally no scenario in which these people don’t end up remaining incredibly rich and powerful, other than continuing on our current path, which is a few decades of infrastructure collapse, massive social unrest, and ultimately fighting over food and water. Which… is not going to be as comfortable as the alternative.

That’s one of my reactions. If they are really thinking, “If there is any impairment of my ability to collect incomprehensibly vast amounts of wealth, I am going to go with the racist guy turning a democracy into a fascist ethnostate,” then fuck these people. They deserve a revolution in the mold of 1789.

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