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[–] 19 points 5 days ago (1 child)

It's a move from profit seeking to rent seeking by the capitalists. Some have called it feudalism.

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  • [–] 6 points 4 days ago

    This CGP Gray video from a decade ago makes the point that when the bulk of a countries wealth comes from a very small area of production/industry - tyranny will soon follow.

    When all the wealth comes from a few tech-billionaires (rather than the productive labour of the diverse masses) - the representative/leader/dictator ONLY has to please the small minority who has all the money.

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