>crony/late-state capitalism Let's call it what it is: feudalism. The active income era of capitalism has largely subsided. When economic growth comes from act

>crony/late-state capitalism Let's call it what it is: feudalism. The active income era of capitalism has largely subsided. When economic growth comes from active income all classes can see their wealth increase. When passive income dominates you get the opposite: certain sections of the owner class with the most powerful monopolies[0] cannibalize everyone else. And while "feudalism" is a historically complicated term, one common feature was economies dominated by passive income. In that era, wealth went to those who owned the land - a natural chokepoint to economic activity. Today the chokepoints are different but the effect is the same. I would also disagree that half of HN is "just fine with the status quo" given that this community also likes to talk a lot about right to repair, abuse of copyright and patent ownership, DMCA 1201, platform capitalism, etc. [0] e.g. copyright ownership over culturally relevant creative works, patent ownership over the most economically relevant inventions, etc