Hacker News new | ask | show | jobs
by 305superuser 10 days ago
Like anything some is good too much is bad, a gradient work for a complex society, a brutal difference like kings and dark ages poor eventually bring collapse
1 comments

Wealth inequality was not the defining aspect of the relationship between kings and peasants. It was also not the reason for the collapse.

The defining quality was the mechanisms by which kings extracted wealth from peasants (indirectly, through layers) which doesn’t resemble what we have in western liberal democracies today. Things like tallage and arbitrary taxation, labor dues, mill/oven/wine press monopolies, heriot, merchet.

Serfs were legally bound to the land.

The Black Death killed 1/3 of Europe’s people, giving peasants leverage because without enough workers, lords could not enforce arbitrary dues because peasant could walk out or revolt, such as the English Peasants’ Revolt of 1381.

That’s when the Dark Ages extraction model started to break down. Not because of wealth inequality, though it can see why they get conflated.

If we take the top billionaires in western liberal democracies today, they do not extract wealth from the average worker (there’s no duress, for instance), and it is clear that they have created more wealth than they have “taken”.

they “extract” wealth on the back of shared investments like infrastructure and now our data/IP with AI

it’s not the same as your examples but i’m not sure that it needs to be exactly the same

>"If we take the top billionaires in western liberal democracies today, they do not extract wealth from the average worker (there’s no duress, for instance)"

Yeah, right. Soviet level propaganda

If you can explain the mechanic, I’m all ears and open to change my point of view.

> Soviet level propaganda

I’d be careful not to conflate billionaires in Russia with those in western liberal democracies. Totally different.

> I’d be careful not to conflate billionaires in Russia with those in western liberal democracies. Totally different.

Actually, they're pretty much the same.