This has been fucking obvious for at least 2 years, more like 4, really.

What this has been the whole time is naked power grab to establish a technate, a techno-oligarchy.

When, not if, this fully fucking detonates the West's finances and economies, most of these people will still be very wealthy, most of our 401k/pensions/net worth will mostly no longer exist, and we will end up with a society of all but formal aristocracy, vs us 'low income worker' peasants.

That is their plan. They have been open about that for 20-30 years; they despise democracy, they think the world should be hard deliniated into haves and have-nots.

It doesn't matter if the tech works or is profitable.

What matters is who will be on top when the dust settles.