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At close · Tue, Sep 29, 2026
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Home›Global Markets›Trade & Tariffs›A columnist warns of “Armageddon” under unrestrained b…

A columnist warns of “Armageddon” under unrestrained billionaire power

SCMP columnist Alex Lo argues that large fortunes given broad freedom could lead to catastrophic outcomes, framing it as a possible end-of-the-world scenario.

In the piece, he cites imagined risks ranging from a rogue AI breakthrough to a new world war or runaway climate change, and suggests readers may already know where the “safest places” would be based on following ultra-wealthy individuals from Silicon Valley and Wall Street.

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