My view is that the ruling class is driven primarily by a desire to control/expand the wealth-generation/-extraction systems that provide their revenue streams. Similar to most of us, they have a huge ‘investment’ (both financially and psychologically) in the status quo and its maintenance and so, yes, are oblivious to the risks/consequences of our overshoot. I am certain they also believe the myth that human ingenuity and technological prowess will ‘solve’ any potential negative repercussions coming our way — and it doesn’t harm their wealth in the slightest (in fact, they tend to profit handsomely as the ‘owners’ of industry) to support and push that narrative.