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joined mar 2013
49 topics on {Economics}
what's left libertarianism?
by
dreday
Is There Any Alternative To Universal Basic Income?
by
phds mvp
Companies Die Like People, Cities Live Like Universes
by
thomasTank
What is Neo Feudalism?
As governments take over the economy partnering with corporations and the super rich we are left with something that looks a lot like feudal times.
I think there has always been feudalism in one form or another. There is always a class that ultimately owns everything because they can confiscate it, grant it a "title" or tax it. This premise always leads to same outcome it's just a matter of how greedy or insane the current landlord is.
Everything consolidates one way or another, thats why decentralization is both great and doomed.
probably starting from the neolithic era yes with the only exception of the 20th century, the only period of history where people got a bit of control of the power. Now is going to be lost for decades to come.
We need to look on the bright side, we are actually free serfs. We are free to seek a new master and we can seek redress in the crown courts, unfree serfs couldn't. However if we hadn't spent so much bit coin here we might actually be free with the value of it now.
Thanks for sharing.
I see examples of this not just on the internet but in all industries. Walk down most high streets here in the UK and they now pretty much all look identical the same shops, coffee shops and chain restaurants with very few independent offerings. The cost of rent, business rates and all the red tape make it pretty much impossible nowadays for small independents to even start up.
Watching a show about fisherman on the BBC painted a picture of the EU quota system they must use and how the industry is dominated by money and huge boats and how these owners buy up small fishing boats and take the quotas these boats have to use on the mega trawlers.
The car industry seems totally monopolised now and we actually get very little choice - notice how the different makers share chassis and engines and the only real difference you get is the interior and badge. Everything else is pretty much controlled by rules and regulations.
It is obvious that these big players of industry are in cahoots with the those that set the rules and regulations as we saw with the emissions scandal with VW and EU collaboration.
Covid and lockdowns have exacerbated the situation as many small business owners left without any financial supports have gone to the wall while government loans to the huge corporations sit unused in their bank accounts.
Truly depressing times.
I see examples of this not just on the internet but in all industries. Walk down most high streets here in the UK and they now pretty much all look identical the same shops, coffee shops and chain restaurants with very few independent offerings. The cost of rent, business rates and all the red tape make it pretty much impossible nowadays for small independents to even start up.
Watching a show about fisherman on the BBC painted a picture of the EU quota system they must use and how the industry is dominated by money and huge boats and how these owners buy up small fishing boats and take the quotas these boats have to use on the mega trawlers.
The car industry seems totally monopolised now and we actually get very little choice - notice how the different makers share chassis and engines and the only real difference you get is the interior and badge. Everything else is pretty much controlled by rules and regulations.
It is obvious that these big players of industry are in cahoots with the those that set the rules and regulations as we saw with the emissions scandal with VW and EU collaboration.
Covid and lockdowns have exacerbated the situation as many small business owners left without any financial supports have gone to the wall while government loans to the huge corporations sit unused in their bank accounts.
Truly depressing times.
This is the model dreamed up by Gabrielle D'Nunzio, Mussolini, Franco and later tried by Stroessner, Pinochet and Thatcher. Always fails cos tho i am a committed capitalist even i realise extraction cannot work for ever as either you run out of victims (Franco, Pinochet) or the victims turn on you (Mussolini, Thatcher) At least Il Duce didn't cry when his turn came, Thatcher mewled and puked like a rat.
I call it digital feaudalism. And yes, we have never really exited the feudal system. It just morphs and transforms, keeping the 1% at the top, making almost all the rest their slaves.
Fascinating. Bleak. truly people have been brainwashed by the media and now vote with their wallets. Far more regulation required at the top end, we cant stop the progress, and in many ways it serves us well. Democracy can still win the day, and we can unite for the good of all people. Education is the key, and a few good humans can change the world. It cant be allowed that rampant free market capitalism destroys us. Roll on technical singularity, according to Moores law would be around 2042 but i believe the theory is faultering (Moores law) so might take a bit longer. Technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. We have just leisure time so we study philosophy and all becone enlightened beings living in a tech utopia. Peace
Moore's law is doing fine once you abstract it to include progress besides chip density. Computation overall is on track when you include advances in software and a.i.
it will take more than economics for everyone to spend their leisure time studying philosophy. but im with you at least
Hope so but would we be the same beings, even the same species? I think Nietszche was mostly a clown but "homo, ecce homo" hits home
What is Neo Feudalism and being British mean?
Neo-feudalism refers to a concept that draws parallels between modern societal structures and the feudal system of the Middle Ages. It suggests that power and wealth are concentrated in the hands of a few influential individuals or entities, leading to a significant wealth disparity and limited social mobility. In a neo-feudalistic system, there may be an entrenched hierarchy, with a small elite class exerting control over economic, political, and social aspects, while the majority of the population faces limited opportunities and struggles to improve their circumstances.
Being British refers to being a citizen or a resident of the United Kingdom or having a connection to British culture and heritage. It typically implies a sense of national identity associated with the customs, traditions, and values of the British people. It encompasses aspects such as the English language, British history, British institutions, and cultural practices that are prevalent in the UK. However, it's important to note that "being British" can mean different things to different people, as it can encompass a diverse range of identities and perspectives within the multicultural society of the United Kingdom,
Neo-feudalism refers to a concept that draws parallels between modern societal structures and the feudal system of the Middle Ages. It suggests that power and wealth are concentrated in the hands of a few influential individuals or entities, leading to a significant wealth disparity and limited social mobility. In a neo-feudalistic system, there may be an entrenched hierarchy, with a small elite class exerting control over economic, political, and social aspects, while the majority of the population faces limited opportunities and struggles to improve their circumstances.
Being British refers to being a citizen or a resident of the United Kingdom or having a connection to British culture and heritage. It typically implies a sense of national identity associated with the customs, traditions, and values of the British people. It encompasses aspects such as the English language, British history, British institutions, and cultural practices that are prevalent in the UK. However, it's important to note that "being British" can mean different things to different people, as it can encompass a diverse range of identities and perspectives within the multicultural society of the United Kingdom,
Like the last feudal era they will ultimately fail IMO. Biden, bezos, bj and the two conos in NZ & Canada are only one mad bomber away from losing all the kleptocratic gains they have extracted. Putin and Xi poss a battalion or two away. Even if the above are stopped there are always despots trying their luck. The better angels of our nature (thanks Pinker, S) have always stayed in the fight so that the new boss is NOT always the same as the old boss (thanks Townshend, P)
by
zeppomarx
does a.i. enable communism?
by
w4wendetta
How do banks "create" money?
unions are our only defense against a.i.
by
at tes
How can people deal with natural monopolies?
Best Example of Communism?
by
spiceX1
Frédéric Bastiat
by
doc holiday
The only natural law of economics is cronyism
by
coldspurs
Capitalism is unfolding exactly as Karl Marx predicted
by
Bennybe1
are services like chatgpt going to change the world?
by
coldspurs
The 50-Euro Lawsuit Threatening OPEC
the same old revolution is still avoidable
by
jksez
What if Reparations for Slavery were Paid Instead of Bank Bail Outs?
by
the Kushans
how hard is it to get skills anymore?
The Industrial Era Ended, and So Will the Digital Era
by
24601
What is Surveillance Capitalism?
by
coldspurs
Anis Varoufakis: We are living in a post-capitalist dystopia
by
yagz
AI So What. There will always be work.
by
Frosty Frank
What is post-scarcity?
by
gs
In the 1970s Irish Banks went on strike. Pubs replaced them easily.
