Yeah, generally it leads to societal and economic collapse. Things sometimes improve, but it sometimes takes decades, and usually a shitload of people die as collateral damage via starvation, extrajudicial killings, etc. normal people, not these solid gold assholes.

We one time had an exchange student whose father lived through one such event and nearly starved to death in the fallout after it had run it’s course. He said his father’s strongest memories were that he was so hungry, for years. :/