> What I think will happen is the US tries to mimic China by creating an even lower class of our workers that form a new industrial/manufacturing base to compete with.
Still too optimistic on how long-term the American approach will be. There won't be a UBI, the oligarchy will be paid directly from government coffers. The deficit, bonds and other government instruments will paper over the collapse of tax-revenue and population for a while, before the whole house of cards collapses[1]. I think the billionaires hope to be in space habitats or dead by then, if not, there's always their bunkers in New Zealand - their cache of gold bars should still work there after they ravage the USD. Capital knows no borders.
1. See late 1990s Russia. Only simple, extractive industries will chug along.
Still too optimistic on how long-term the American approach will be. There won't be a UBI, the oligarchy will be paid directly from government coffers. The deficit, bonds and other government instruments will paper over the collapse of tax-revenue and population for a while, before the whole house of cards collapses[1]. I think the billionaires hope to be in space habitats or dead by then, if not, there's always their bunkers in New Zealand - their cache of gold bars should still work there after they ravage the USD. Capital knows no borders.
1. See late 1990s Russia. Only simple, extractive industries will chug along.