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by _DeadFred_ 127 days ago
Capitalist companies are just the modern day evolution of feudal lords with the mandate of maximum value extraction with zero care for the impacts on your fiefdom/market, the tendency to drift to rent seeking, etc.

Instead of Normans organizing a raiding party for lands, you have Normans renamed as Capitalists organizing a raiding party for a target market, just now in the modern world they also get to offload the burdens of population governance, risk, infrastructure, housing, healthcare, retirement security, training, and social stability.

The Capitalists even named their raiding party using the military term 'Company' and organize its power structure in the same militaristic way, with the leader accountable to them and not the people under/the workers.

1 comments

> Capitalist companies are just the modern day evolution of feudal lords with the mandate of maximum value extraction with zero care for the impacts on your fiefdom/market, the tendency to drift to rent seeking, etc.

Actually, I'd argue capitalist companies are often worse, because at least feudal lord has more interest in ensuring the long-term viability of their fief. In capitalism its not uncommon for some investor to come in, wreck the place's long-term viability for short-term profit, then sell before the other shoe drops.