Comment by antonvs

I mostly agree with your assessment, except that "moaning about refugees" and resulting action is going to get a whole lot worse as the numbers increase.

We're already seeing how countries like the UK and US can be manipulated to respond to these situations, even when their effects are mostly imaginary and even net positive. Imagine what will start happening if the bogeyman of migration becomes a real problem.

"Use wealth as a buffer" works in the current scenario to some extent - although the US seems to have a lot of trouble with it. But what will scaling that look like? Trumpian concentration camps throughout the country, ICE budget approaching that of the US military, national curfews, martial law, suspension of habeas corpus...? We've already seen hints of all these things.

Things could get very bad. But I agree, not extinction-level, yet. Give us time though!