10/03/2024
How does the WEF’s vision of “you will own nothing and be happy” compare to the previous feudal system of medieval Europe?
Serfs, unlike slaves, had some rights; they owned tools and huts. But their position in society was fixed, they couldn’t easily move—rather like a medieval version of today’s 15-minute city. They had to recognize their betters, and not say anything challenging—like today’s increasingly draconian limits on free speech.
I expect that the gigantic amount of debt in society today will be the means of turning middle-class Americans into serfs. The lower classes are already welfare recipients who produce very little; they’ll soon be replaced by robots.
The better educated ones are buried under their college debts. But everybody is buried under growing credit card debt, auto debt, mortgage debt, and sometimes even tax debt.
If someone makes a lucky capital gain in the stock market or by selling his house, he might spend that money only to find that the government wants 20%, 30%, or 40% of the gain. So the gain, instead of a blessing, becomes a disaster in disguise.
Many people today are burdened by debt, living paycheck to paycheck. They’re barely getting by, under immense pressure to cover food and rent. They’d probably be quite willing to take a deal offering essentially “three hots and a cot,” a tiny apartment, internet, and some extra money to hang around Starbucks.
