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It Will Never Be a Good Time to Buy a House
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this post was submitted on 03 Dec 2023
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I don’t have the link anymore but there used to be a good effortpost here on how neofeudalism doesn’t actually have the same material base as feudalism and that what we’re really witnessing is the reproletarianization of the American working class. The slave labor is drying up. The stolen land is drying up. The capitalism-saving policies a la the New Deal which were feasible because they excluded various PoC and other minorities? They’re being gutted and will not be replaced. There are a lot of PMC folks and a lot of white folks and a lot of “middle class” folks who are starting to experience what others have experienced for decades: what’s it like to be a worker under capitalism.
I would love to read that post. I don’t think people are claiming feudalism has the same material base… I could be wrong… but my understanding is that neufeudalism is an expression of a highly financialized economy during reproletarianization. I think the point is just that what is developing during that process isn’t completely different in terms of changes in social economic relations, than like what it was like, say, when the commons was enclosed.
Like, the tendency of the rate of profit to fal, and the decreasing exploitability of the global majority, has pushed many of the imperial core’s precariat into new categories of jobs where their own belongings (like cars, homes, and phones… often acquired with debt) are essentially used as the overhead for “tech companies” that are actually rube-goldberg-like financial instrument that extracts value out of the belongings of working class people while forcing them to “rent” it: subscription services, planned obsolescence, debt service, or publicly financed asset-inflation (ex: quantitative easing). Does that seem like a change in the basis of relations? Maybe?
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I found the post, here's the link https://hexbear.net/post/208134?scrollToComments=false
PSA: Hexbear has a pretty good search function, I just found this by searching "neofeudalism"
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