alt.hn

3/14/2026 at 4:58:40 PM

What happens when US economic data becomes unreliable

https://mitsloan.mit.edu/ideas-made-to-matter/what-happens-when-us-economic-data-becomes-unreliable

by inaros

3/14/2026 at 5:46:43 PM

The phrase "when US data becomes unreliable" is misleading in one sense: for many years political manipulation of economic data has screwed things up.

Calculation of unemployment and real debt has seldom matched the norms of most other western countries. Add military (often black budgets) spending without much oversight or accurate accounting.

The wealthiest people in the USA are now in the mode of grabbing what they can while the 'grabbing is still good.' Without this immoral looting, our government could do a better job of protecting US citizens as our empire collapses.

by mark_l_watson

3/14/2026 at 6:08:21 PM

I agree. The super rich have been in "prepper" mode for a long time now

https://www.theguardian.com/news/2022/sep/04/super-rich-prep...

> They started out innocuously and predictably enough. Bitcoin or ethereum? Virtual reality or augmented reality? Who will get quantum computing first, China or Google? Eventually, they edged into their real topic of concern: New Zealand or Alaska? Which region would be less affected by the coming climate crisis? It only got worse from there. Which was the greater threat: global warming or biological warfare? How long should one plan to be able to survive with no outside help? Should a shelter have its own air supply? What was the likelihood of groundwater contamination? Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system, and asked: “How do I maintain authority over my security force after the event?” The event. That was their euphemism for the environmental collapse, social unrest, nuclear explosion, solar storm, unstoppable virus, or malicious computer hack that takes everything down.

by culi

3/14/2026 at 6:21:55 PM

As a statist, I personally always found it as a fascinating way to look at the future. They are actively preparing for a collapse they themselves are ushering.

by iugtmkbdfil834

3/14/2026 at 7:00:36 PM

It's increasingly a pet theory of mine that the uncontrolled concentration of wealth into the hands of the richest, their subsequent existential ennui, and their disconnect from reality owing to media consolidation and algorithmic content feeds have basically created a world where the superrich are in a "post-game" mentality. There are no further material comforts to obtain. They just want to feel anything at all and the only way to do that is by bringing about the end of the world.

by actionablefiber

3/14/2026 at 8:53:46 PM

There’s a great opera on this topic called “Death and the Powers”, a trillionaire who transfers his consciousness to get out of his ailing body and, free from dependency on others, loses all empathy, while trying to convince the rest of his family to join him in cyberspace (thereby killing themselves), lots of themes of what you lose when you become disembodied, and becoming rich is just getting half way there.

by jazzyjackson

3/15/2026 at 12:22:17 PM

Once basic needs are well met then wealth is meaningless in absolute terms. It only matters in relative terms where you compare yourself to others. For the super billionaires, adding more zeros to their net worth has diminishing returns because their lives just can't get any materially better. So the relative subjective gap doesn't widen. In fact, if other groups make gains then the relative subjective gap can even shrink. For example, pretty much everyone has a powerful smart phone. The really really expensive phones only rich people can have are only marginally better in function and sometimes not even that. The only way to increase the relative gap then is to make other people's lives worse. And following on this line of thought, a devasting worldwide war or natural disaster would destroy most wealth (even their own), but once the dust settles they will still have more and the relative subjective gap between someone who has resources and the rest of the world who have none couldn't be bigger.

by Eddy_Viscosity2

3/15/2026 at 1:20:50 PM

I’m sorry, but this is nonsense. Yes, there’s a point beyond which more wealth doesn’t matter much in absolute terms, but it’s way beyond “basic needs”. Having nice cars, nice homes, traveling, paying for expensive education, having staff help you with things, flying first class, flying private, vacationing on a yacht, collecting art, etc, etc. There are near endless things to spend wealth on, and new things get unlocked well into the hundreds of millions.

by senordevnyc

3/15/2026 at 3:13:13 PM

I mean yes you are correct here, but by the time you are in the 10s of billions phase you just don't see any difference in lifestyle.

by Eddy_Viscosity2

3/17/2026 at 4:41:13 PM

Obviously, but again, that has nothing at all to do with being “beyond basic needs”.

by senordevnyc

3/15/2026 at 1:12:07 AM

After reading your comment; "there's always a bigger fish" has a wildly new meaning to me now

by hackable_sand

3/14/2026 at 7:05:38 PM

Impressive thought. It could also be a built-in mechanism by nature to reshuffle the cards.

by DonThomasitos