I also suspect that much of the ruling class has gotten high off their own supply, so to speak, of their own pseudointellectual bullshit. Modern Monetary Theory in particular is the biggest pseud fad right now for rich assholes trying to convince themselves that they're good people, and the tech sector is being run by people who somehow think that if they go full-Enron, but on a large enough scale, it will magically not end up like Enron.

The ruling class has always been susceptible to ridiculous intellectual fads, from Marxism to Keynesianism to the Laffer Curve, and the notion in MMT that you can achieve the financial equivalent of perpetual motion by just printing money fast enough and that we can just have these huge corporations going indefinitely without turning a profit is the latest trend. Unfortunately, like all the other really horrible ideas that rich morons have embraced, we're the ones who are gonna suffer the consequences of their hubris.

Right now our ruling class is even trying to gaslight us about inflation, as if they really think that if they can convince people to stop noticing inflation, it'll magically disappear. Probably because they've fallen for the fallacious notion that because money is a human invention, we can do whatever we want with it, and don't have to treat it like something that operates by its own rules. I'm genuinely terrified of what will happen when the charade finally collapses under the weight of its own self-deception, because the whole damn global economy is gonna fold like Enron.