3 ms·
>> At one point, you won't have any money to buy any assets if your wages are barely covering your food and shelter, and so we'll go back to feudalism where onl
by tablespoon 4y ago
>> At one point, you won't have any money to buy any assets if your wages are barely covering your food and shelter, and so we'll go back to feudalism where only those few with inherited wealth owned assets and everyone else was a slave for life.
> Historically, that's when a revolution or regime-change happens. This is something the richest of the rich have either forgotten or mistakenly think they'll be insulated from.
Revolutions aren't always successful. If the rich control the state by corrupting democratic institutions and remove from the peasantry the tools to pursue "politics with other means," they might actually get away with a transition to something like feudalism.
- hotpotamus 4y agoI sort of wonder what you mean by tools to pursue politics by other means. Presumably you mean guns, but the thing is that in the US the plutocrats created their own epistemic ecosystem and got all the people whose identity are wrapped up in guns (and own the majority of them) to buy into it - remember how we're not allowed to call them plutocrats since that's disrespectful; the preferred term is "job-creator". So now anytime the rabble get a bit restless, the job-creators just get another upper income tax cut. So I guess I'm curious when you say tools if you mean guns or information.