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Are We Transitioning From Capitalism to Silicon Serfdom?
(jacobin.com)
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this post was submitted on 18 Feb 2024
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okay but land ownership and rent seeking are inherent, inevitable parts of capitalism. Even Smith talked about how rent-seeking is an unavoidable outcome of a system where one person can own what another needs, and about how in order to succeed capitalism will require some way of discouraging or taxing rent-seeking. “As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed and demand a rent even for its natural produce.” This isn't a new phenomenon and it's not a return to pre-capitalism, it's capitalism doing what we all new it was going to do from the beginning.