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A comment on JPMorgan to spend $1B on rental homes in the US to become a megalandlord. Parent comment

Re:JPMorgan to spend $1B on rental homes in the US to become... by grugagag on Saturday December 31, 2022 @09:45AM (#34196849)
Late stage capitalism!! This is turning into a tehcnofeudalism fast. Surveillance is getting ready, facial recognition check, no location privacy check, all money in fewer hands check. It will be ugly, no pitchforks will work this time
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Re:JPMorgan to spend $1B on rental homes in the US to become... by matheusmoreira on Saturday December 31, 2022 @09:57AM (#34196963)
No idea why you're being downvoted. Neotechnofeudalism is one of the most interesting concepts I've come across on this site and it's a very realistic vision of the future we're heading towards.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by prepend on Saturday December 31, 2022 @10:01AM (#34196992)
I think futarchy is more likely than neotechnofeudalism. More Star Trek, less Star Wars.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by krapp on Saturday December 31, 2022 @10:18AM (#34197149)
The groundwork for a neotechnofeudal future is already being laid. Futarchy seems like something only nerds will ever care about.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by prepend on Saturday December 31, 2022 @12:10PM (#34198394)
First nerds care about it, then everyone else does.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by CyberDildonics on Saturday December 31, 2022 @10:53AM (#34197508)
I don't know what "neotechnofeudalism" is, but if a bank built a single building 60 floors high with 8 condos on each floor and the condos averaged about 2 million USD each, would that then be neotechnofeudalism ?
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Re:JPMorgan to spend $1B on rental homes in the US to become... by HarryHirsch on Saturday December 31, 2022 @11:50AM (#34198187)
No idea about that, but wasn't it Blackrock that is buying up half of Cleveland?
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Re:JPMorgan to spend $1B on rental homes in the US to become... by mbg721 on Saturday December 31, 2022 @11:51AM (#34198201)
The other half is Baker Mayfield's den, still unsold after the insurance commercials.
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Re:JPMorgan to spend $1B on rental homes in the US to become... by inthepipe on Saturday December 31, 2022 @12:04PM (#34198337)
If that construction was part of a broader concentration of capital in the top 0.1% of society that was then deploying that capital to buy up as much real estate as possible, then yes.
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