• HakFoo
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    3 days ago

    The risk they don’t seem to imagine is that their ownership and precious property rights are still conditional.

    If you impoverish everyone so much that they no longer have a stake in preserving absolute property rights, it becomes a lot easier to sell “nationalise their assets” and “hang them from a petrol station canopy.”

    You might be able to find a few bodyguards you can bribe to protect a compound, but you’re not going to be able to guard everything once society no longer sees value in recognizing your claims to ownership.

    Even the “robber barons” of the past-- the Carnegies and Rockefellers-- at least knew that public gestures and restraint would help push that day back, but does Musk or Bezos have that level of understanfing?