Billionaires Worried About Economic System Collapse, Peasant Uprisings

Via: Los Angeles Times:

The atmosphere of incongruity that pervaded this week’s annual Milken Institute Global Conference was practically palpable.
The gathering of billionaires, hedge fund managers and other financial industry professionals who converged on the Beverly Hilton hotel largely had a particular end in mind: how to increase their alpha, which, not to get too complicated, means improving their investment returns.
But while the 5,000 attendees could go to sessions on the state of capital markets, listen to the chairwoman of the International Monetary Fund and strike up conversations with some of the world’s most savvy investors, it all had to go down with a rather large dose of bitter medicine.
If the barricades have not been erected in the streets, they were told several times over, they could soon be unless there is reform of the American economic system.