I have just come back to this thread and I see that Alexa has asked me to explain what is meant by "disaster capitalism" Here is an article written in 2018, ,by which time the theory of how the extremely wealthy can profit from disasters had been around for more than twenty years:-
"In the spring of 1997, shortly before Tony Blair took power, William Rees-Mogg, ex-editor of the Times, leading Eurosceptic, pinstriped self-publicist and father of Jacob, published a book that claimed to see the future of the world. The Sovereign Individual: The Coming Economic Revolution and How to Survive and Prosper in It opened with a quote from Tom Stoppard’s play Arcadia: “The future is disorder.”
For 380 breathless pages, Lord Rees-Mogg and a co-author, James Dale Davidson, an American investment guru and conservative propagandist, predicted that digital technology would make the world hugely more competitive, unequal and unstable. Societies would splinter. Taxes would be evaded. Government would gradually wither away. “By 2010 or thereabouts,” they wrote, welfare states “will simply become unfinanceable”. In such a harsh world, only the most talented, self-reliant, technologically adept person – “the sovereign individual” – would thrive."
www.theguardian.com/books/2018/nov/09/mystic-mogg-jacob-rees-mogg-willam-predicts-brexit-plans
A recent article by Julian Jessop shows how Jacob Rees-Mogg has followed his father's advice and his Somerset Capital company has made a fortune by cashing in on others' misfortune.
The disaster capitalist may start off just as a millionaire, but by moving his funds to offshore tax havens he is in a position to swoop down and scoop up the assets of firms which go bust as a consequence of a disaster, as many surely will as a result of the pandemic. Before long he is no longer a greedy millionaire- he is a billionaire, laughing all the way to the bank.
julianhjessop.com/2020/04/05/disaster-capitalism-revisited-the-case-of-somerset-capital/