Elon has almost doubled his wealth in one year. Is this still #democracy or is it already #oligarchy or neo-feudalism?
Source: forbes.com/billionaires/
#capitalism #money #finance #politics #humanrights #ethics #problem #news #system #fail #wealth #musk #economy
David
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anonymiss
in reply to anonymiss • • •David
in reply to anonymiss • • •Feudalism is where someone with a castle (a walled fortress) and armed men with steel weapons and horses offers to defend farmers in exchange for part of their crop each year. Often, those protected are forced to accept the bargain.
We have something like this now with Apple Computer. It's called Techno-feudalism. They offer their users some protection against invasions of their privacy in exchange for large amounts of money (high prices for Apple products and 30% of software purchases). Of course, like the feudalists of the Middle Ages, they offer no protection against themselves.
Elon Musk doesn't offer to defend anyone against anything. He isn't any kind of feudalist.
en.wikipedia.org/wiki/Yanis_Va…
english.elpais.com/economy-and…
Yanis Varoufakis: ‘Capitalism is dead. The new order is a techno-feudal economy’
Miguel Ángel García Vega (Ediciones EL PAÍS S.L.)