Edge of Collapse

Becoming collapse aware in the age of the permanent polycrisis.

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The Economic Stranglehold That Fuels the Polycrisis

How financial despair leads to authoritarianism.

Angus Peterson
Edge of Collapse
Published in
11 min readFeb 14, 2025

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The economy is a sham. Not just broken — deliberately designed to grind people into dust while the ultra-wealthy watch from their ivory towers, sipping vintage wines that cost more than your monthly rent. The problem isn’t a lack of resources; it’s that a handful of elites hoard them, tightening their grip while the rest of us fight over crumbs.

You’ve seen the headlines. “The economy is booming,” they say, flashing charts with record-breaking stock market highs. But how many times have you looked at your own bank account and wondered if you were living in some parallel universe where everyone except you is rolling in cash? The truth is, most Americans are drowning — financially, emotionally, and physically — under the crushing weight of an economy that serves only the elite.

It’s not just about struggling to pay for groceries or gas. It’s the psychological toll of knowing the game is rigged — that no matter how hard you work, the deck is stacked against you. When rent spikes by 30% in a year while wages stay frozen in time, people don’t rally for justice — they get desperate. And desperate people look for easy answers, even if those answers come from strongmen promising to burn the system down.

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Edge of Collapse
Edge of Collapse

Published in Edge of Collapse

Becoming collapse aware in the age of the permanent polycrisis.

Angus Peterson
Angus Peterson

Written by Angus Peterson

Becoming collapse aware in the age of the permanent polycrisis. Follow to get all the new stories: https://anguspeterson.medium.com/subscribe

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