Jan 23 2017: Silicon Valley billionaires are ‘prepping’ to survive in underground bunkers

Back in Jan 23 2017: Silicon Valley billionaires are ‘prepping’ to survive in underground bunkers

Tech billionaires in Silicon Valley are increasingly becoming preppers, preparing for the end times. They fear that artificial intelligence and automation will lead to a revolt against those behind the technology as it displaces jobs. Some tech billionaires, including the co-founder of LinkedIn and the CEO of Reddit, estimate that over 50% of other tech billionaires have a home to escape to. However, others, like Max Levchin of PayPal, criticize this approach and believe that it perpetuates a sense of superiority.

Fast forward to Oct 20 2023: Doomsday Prepping Poised to Become $2.46 Billion Industry

The doomsday prepping industry is booming, with the global survival tools market projected to reach $2.46 billion by 2030. This growth is driven by a societal shift towards self-reliance and preparedness, fueled by factors such as natural disasters, supply chain disruptions, and geopolitical tensions. The market caters to outdoor enthusiasts and disaster-preparedness advocates, offering a wide range of products from pocket tools to emergency shelters.

Americans are increasingly investing in emergency preparedness, with food, water, and medical supplies being staple purchases. Companies are capitalizing on this trend by designing prefabricated disaster kits and promoting self-reliance gear.

What factors are driving the booming industry of doomsday prepping and why is it evolving from a fringe act to a mainstream endeavor?