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Property rights require legal framework supported by a legitimised monopoly on violence (which is, almost universally, a nation state). Disenfranchising people
by ssssvd 2y ago
Property rights require legal framework supported by a legitimised monopoly on violence (which is, almost universally, a nation state). Disenfranchising people means delegitimising the state means wrecking the frame of ownership rights. That's probably the biggest conundrum ahead.
1. Capital owners need us as labour units.
2. Capital owners need nation state as the guarantor of their rights to accumulated capital.
3. Nation state needs us to legitimise itself.
AI/robotics kills (1). How the system will rebalance from here?