The election victory of self-proclaimed anarcho-capitalist Javier Milei is being celebrated by right-wing libertarians around the world. This neoliberal extremism is successful because other ways of tackling the worsening crisis have failed – not just in Argentina.

This is an English translation of an article I wrote for a German magazine. The article looks into the post apocalyptic strategies the wealthy and ultrarich are focusing on. Main point: The rich are as afraid of the collapse of society as anyone else, but their means to face the calamity are on another level.

"This credit crunch, triggered by the fight against inflation in Western countries, is an important factor in the huge rush to join the BRICS group. Many crisis-ridden countries, such as Argentina and Venezuela, which are currently seeking membership, are simply hoping to tap alternative sources of financing – especially from China."

Why does capitalism fail to implement sustainable climate policies despite the escalating ecological crisis?