this post was submitted on 24 Jul 2023
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I don't think that was his goal, but it was probably why the Saudis were so eager to loan him the funds to buy it. This reminds me of a time I was talking to a climate-denying friend who cited something about NY using "methane causes global warming" to push anti-small farm bills on the basis that they had cattle (or something, I can't remember exactly). The point being, sometimes it's not a grand orchestrated conspiracy (eg "global warming is fake") but rather malicious, opportunistic actors taking whatever advantages they can get. Billionaires don't cause recessions on purpose, but their wealth certainly does increase during them anyway because of how the system has evolved to optimize for wealth consolidation through the independent actions of the capitalist class, and they're not hurting enough to want to change it for the better.