Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

Is Mark Zuckerberg's new cybercurrency the start of the return to feudalism?

The potential is there that he will pay staff in his currency which they can spend at his associated shops, and if you try to spend elsewhere it will need to be approved by his bank- maybe one of those banks in trouble will be bought by him in some bailout arrangement where people's homes and mortgages will be part of the purchase equation, and all you do will be at the behest of your new 'feudal lord'.
This page is a permanent link to the reply below and its nested replies. See all post replies »
Keraunos · 36-40, M
If I had to pick a "start", I'd say the monetary policy response to the 2008 financial crisis was the point at which it became apparent that our path-of-least-resistance was one leading to conditions that could be fairly termed "neofeudalism".

I think it's going to be damned hard to divert the trajectory at this point, and usually when I contemplate what would be required to do so, I end up thinking of Nietzsche's old line, "A German is capable of great things, but it is improbable he will do them".