Who got notably rich from each major, historical tragedy?

Snapz@lemmy.world to Ask Lemmy@lemmy.world – 38 points –

Through the great depression...

When 9/11 happened...

The 2008 housing crash...

COVID...

On a smaller scale, when the Titanic sank, I'm assuming someone inevitably got rich from the aftermath somehow?

Who are the people/groups that make up history's must successful parasites? Who "came out on top" in each instance of historical human suffering?

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Mostly banks, oil and war machinery.

9/11 was a huge boost for the military suppliers, housing crisis got some financial institutions very rich for betting on the collapse. COVID mostly made medical suppliers rich, but also boosted weapons sales (more policing, border control...).

Usually it's pretty easy to see, you just have to look for the interests. Also you can look at the laws and decisions that get passed after these events. Something like a plane crash or titanic sinking is more difficult. But you can usually say that people got rich before that happened and that's usually one of the reasons it's happening in the first place.

A fun and informative podcast for such information is "well there's your problem" which talks about engineering disasters and the aftermath (it's also very funny)

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