This whole process reminds me of the enclosure movement in England when the “nobility” used their wealth and power to evict people from common land and deprive them of the space to grow food, pasture animals and gather wood. Restricted to tiny lots around their huts they either went into debt and were foreclosed on or moved to the city to work for poverty wages (to make more money for the “nobility”).
It was a way to grab land and reduce the masses to serfs and wage slaves. Then they made romantic heart-wrenching movies about themselves living lonely frustrated lives in their big houses and estates like Downton Abbey. That we (not me) watch longingly instead of being enraged to the point of going to burn the mansions down,
In economics I think they call this “primitive accumulation”, but there is nothing primitive about it. It is just the ruthless and brutal use of money and force to create a capitalist class that like to think of itself as virtuous royalty with the right to rule the world.
This whole process reminds me of the enclosure movement in England when the “nobility” used their wealth and power to evict people from common land and deprive them of the space to grow food, pasture animals and gather wood. Restricted to tiny lots around their huts they either went into debt and were foreclosed on or moved to the city to work for poverty wages (to make more money for the “nobility”).
It was a way to grab land and reduce the masses to serfs and wage slaves. Then they made romantic heart-wrenching movies about themselves living lonely frustrated lives in their big houses and estates like Downton Abbey. That we (not me) watch longingly instead of being enraged to the point of going to burn the mansions down,
In economics I think they call this “primitive accumulation”, but there is nothing primitive about it. It is just the ruthless and brutal use of money and force to create a capitalist class that like to think of itself as virtuous royalty with the right to rule the world.
You summed that up nicely.