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DUANE's avatar

Mathew, your substack was the first substack that I ever read, (heard about it on Darkhorse) many months ago, and I've been hooked since. I read many substacks, and your production of content is one of the slowest, but your content is the best. I find myself reading and rereading your articles. Plus your humor is top-notch.

Thanks for all your hard work.

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Rikard's avatar

"If there isn't an orchestrated endgame to this, will it be the pampered Mandarins who wind up most hurt?"

Well, starting something is easy. Starting something and nudging it in a general direction is doable. Starting something and directly controlling and micromanaging it to a specific well-defined goal is possible but resource intensive and difficult.

And doing all the above with close to 100% control is impossible - it would be like trying to control where every bullet, dronestrike or missile hits during war.

So the mandarins as you call them are (knowingly or unknowingly) playing reverse musical chairs: the first one to get up and run for the exit might make before the rest, but they also run the greatest risk of being apprehended and brought low on the way, while those who wait too long to run while be set upon by eachother and those they've been leeching off.

All animals who flock, pack, herd, or school act that way: all of them waiting for the rest to move first, and when that suddenly happens the whole shebang moves together as one. Investors, realtors, HR-managers, lawyers, and all the other white collar semi-parasitical work-from-home- Karen's of all genders knows it. And the academical parasitoids are even worse.

As to a financial system: ask king Ethelred how money stands up to power.

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