prediction
Global war and chaos will transfer wealth from the young to the old because capital can foresee, distribute, and exploit risk.
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Wealth transfer
Global war and chaos will transfer wealth from the young to the old because capital can foresee, distribute, and exploit risk.
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Timestamped Evidence
Transcript
"And the same thing happened in America, where at the end of the 19th century, you have all this transnational capital coming into America..."
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"The answer is, as this war continues, as chaos continues throughout the world, more money will be transferred to the old than to the..."
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"is that the old, not all the old, but a minority of the old, the old hierarchy have all the capital and the young..."
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"...the market. So because the Spanish Empire is so wealthy, this wealth transfers to the energy and industry of the Dutch Republic, okay? And..."
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Relevant Lectures And Readings
Reading
The midterm turns a ceasefire into a world model: history moves like a river, eschatology makes prophecy into a plan, and the people who survive collapse are not the ones with the best machines...
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