That’s because they have the technology to just fuck off to some private island
You mean… technology they don’t have the foggiest clue how to maintain and operate themselves? Who will be mining the precious minerals and extracting the fuels that technology requires? And if things really get that shitty, their money isn’t going to be of much use to their army of private goons, is there?
That’s why they don’t fear the people anymore,
Oh, they do… the fact that their first-choice in goon institutions - publicly-funded police - still exists prove that beyond a shadow of a doubt.