Edge of Collapse

Becoming collapse aware in the age of the permanent polycrisis.

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The Rich Are Hoarding Wealth — Because They Know What’s Coming

Collapse is baked into their business plans.

Angus Peterson
Edge of Collapse
Published in
11 min readJan 31, 2025

Billionaires protected from the collapsing world outside their ivory tower.
(Image credit: Created by the author with DALL E)

The rich keep getting richer. That much is clear. But what’s often left unsaid is how they’re doing it — not just through the usual exploitation, but by actively steering the world toward catastrophe while shielding themselves from the fallout.

Let’s cut through the noise: the ultra-wealthy are not just accumulating wealth; they are hoarding it, stockpiling fortunes at a rate so obscene it makes the concept of money itself feel ridiculous. While the rest of us get lectured on cutting back — drive less, eat less meat, recycle, make do with less — they are securing their bunkers, buying up remote islands, and building escape plans for the very collapse they are accelerating.

And make no mistake, collapse is not just some distant dystopian fantasy. We are already deep into a polycrisisclimate change, biodiversity loss, resource overshoot, economic instability, and authoritarian creep all feeding into one another like an unstoppable chain reaction. Meanwhile, banks and corporations, who could be funding solutions, are instead dragging their feet or outright obstructing progress, ensuring the system remains tilted in favor of those who already have everything.

For example, banks, have made laughably little progress in financing low-carbon infrastructure. They issue empty promises about “green” investments, but in reality? The numbers show a glacial pace of funding that is nowhere near enough to prevent climate catastrophe. And since the 1.5°C target has already been breached, that failure isn’t just incompetence — it’s complicity.

But the billionaires aren’t worried.

Why would they?

They’re making upwards of $100 million a day, a sum so ludicrously large it defies comprehension. To put it bluntly, if billionaires actually cared about humanity, they would have solved every major global crisis by now. The fact that they haven’t tells you everything you need to know.

Wealth inequality is not just an economic issue — it is an existential one.

Here’s a horrifying calculation: at current trends, society is less than a decade away from collapse. And…

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Edge of Collapse
Edge of Collapse

Published in Edge of Collapse

Becoming collapse aware in the age of the permanent polycrisis.

Angus Peterson
Angus Peterson

Written by Angus Peterson

Becoming collapse aware in the age of the permanent polycrisis. Follow to get all the new stories: https://anguspeterson.medium.com/subscribe

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