Those who agitate for more socialism will eventually get it and, of course, will spend the rest of their life in the deepest regret. They would be better off working for a world of freedom; a world of capitalism, not the socialism with lipstick that I have had to labour under my whole life (75 years), both in England and Australia.
The gilded elite have every reason to denigrate freedom and laud the top down control of socialism. They would love to see a return to Lords and Serfs.
People build civilizations; governments destroy them. Thus it has always been. Governments’ primary tool of destruction is regulation. Taxation is a secondary tool. The more they regulate, the more the bottom-up, common sense, self-responsible, win/win dynamic of a free market is crushed under the boot of blind, indifferent, brutal, top-down control.
Eventually, the point is reaches where the market is overwhelmed by regulations and prosperity disappears.
The first to retreat from this degraded state of business are the smart operators. Before someone can respond to anything they have to have an awareness of its presence, or be able to predict that its presence is approaching. By no means do all business people see what is in front of their face. Many just don’t have the experience to be able to evaluate the data properly.
In late 2021, the smart operators have already exited the market with whatever value they could extract and hide. Those who have not will soon be dramatically adding to their experience file.
The collapse has well and truly begun and it will move like magma, remorselessly destroying everything in its path. It will be unstoppable until it has exhausted itself.