You’re arguing with a scenario you invented, then treating its most deranged conclusion as evidence.
I am very hopeful that such scenarios would not come to pass, but dismissing them outright puts us on the path toward them.
Beyond that, do you agree that their model is a good model of the world and civilization in general? Do you have a more preferable one in mind?
No, it's not. What we call feudalism arose after the collapse of the Roman Empire.
But the fundamental economic arrangement largely remains intact. The landed class extracts infinity wealth from production upon "their" land in perpetuity by virtue of a piece of paper that says they can use physical force upon anyone who dares to be productive on it without paying the required tribute.
Assertion without proof; seems extremely likely to be baseless stereotyping since you insist this applies to the entire category rather than some specific named individual;
> it is the natural extrapolation of the early events of the industrial revolution projected onto a near-future world
Ford explicitly built his cars cheap so that the average person can afford them, and you're using this as evidence of supervillain-tier "wipe out humanity"?
> Feudalism is the natural state of mankind, and has been for thousands of years.
Feudalism, notably arising in the 5th century, has not even existed for thousands of years. Feudalism also notably did not involve the complete extermination of the peasant class. And of course, one could go so far as to notice that feudalism has largely been replaced by other systems of governance...
Ford built his cars after the Gilded Age, and after the government imposed a stunning set of policies that began a steady reduction in wealth inequality. Ford was a player in a market where the goals were set in a way that promoted inclusive institutions and democratization.
I was referring to the early events of the industrial revolution in Europe (predominantly England), over 200 years prior. Living standards for the majority of the labor class fell dramatically, because labor itself became less valuable. The scenario above is the extrapolation of this, and therefore much worse.
The technical term for feudalism refers to the system of government in the medieval period. I was referring to that term in an informal sense, since I am sure many know what I mean by that. As I answered to another user, I should have used the phrase "extractive institution" instead, as that is the correct term. "Serfdom" would also have been better.
But it's important to understand why that system of government was replaced. Over the last several hundred years, the majority of humans slowly clawed back power from the elites over a series of economic downturns involving war, revolutions, and then an unstable relationship with the labor class. As labor became valuable again, power shifted back to the people. Reversing that direction would undo all of that hard work. So far, that is what technology has brought.
Especially when you insist that since someone has collected wealth, they must QED want limitless gain, and "must" proceed towards that objective, without any reference to other values or principles.
I'm sure you've earned a dollar or two in your life, so I suppose the simple question is: do you desire the eradication of humanity? If you somehow inherited Elon Musk's wealth tomorrow, would that make you comfortable eradicating the rest of us?
As for what I would do if I inherited Elon Musk's wealth tomorrow: I would do exactly what any ultrawealthy person would do, and use the interest to live and accumulate more interest. I would very much like to engage in philanthropy and speak my views to those who would listen (but having money does not make me a better communicator). I could donate to political parties I align with. But I do not have the same drive for accumulating more assets (indeed, I would actively avoid this), so I would become progressively less wealthy than my ultrawealthy "peers" until I am only wealthy and not ultrawealthy. I would still live extremely comfortably until I die. But unless I can convince the rest of the public to fight back against those few that probably do wish to eradicate/control much of humanity through technology and asset accumulation, nothing will change.
Serfdom was abolished in the russian empire in 1861, so feudalism is a still relatively recent phenomenon in human history; and giving more recent examples slavery was abolished in Mauritania only recently.
Human labor disappears tomorrow, Peter Thiel's first dream is to see if you can still be useful when made into a paste.