There is, but it’s basically made up to support the notion that it’s very difficult to stay rich. It’s actually very rare for subsequent generations to lose inherited wealth, it just gets partitioned out so there are dozens or hundreds of rich people instead of one disgustingly wealthy individual.
Similar to lottery winners losing everything, it makes a much bigger headline when one loses everything despite it being incredibly uncommon.
This is the funniest thing I’ve read all day. Just the fact that you think companies will just swallow lost profits instead of bleeding actual customers (that being you and me) dry.
China is the world’s second largest economy and they make all their own stuff. The entire US market is only 15% of their exports. That, with a centrally managed economy means that they can easily ride out the trade war while the US burns to the ground.