alt Hacker News> Rule of law, functioning government providing services
Jokes on them, without rule of law and functioning government to enforce it there is no ownership.
Replies
That was my first reaction too. Did the ultra rich not need to concern themselves with these petty matters in 1917 Russia, for example?
But thinking more, things are different today. Wealth is international on a qualitatively different level than it was a hundred years ago. If you’re the richest of the rich in revolutionary Russia a century ago, you'll probably lose all of your wealth if not your life. If you’re very lucky you might end up in exile, struggling to survive.
Now imagine something similar happening today in the home country of people like Zuck and Musk. It’s unlikely there would be any threat to their life. They might lose a chunk of their wealth, but they’re sufficiently diversified that they’ll still be among the wealthiest people in the world no matter what happens.
Jokes on you. When there isn't a functional system of government there is nothing to stop rich psychopaths from paying poor psychopaths killing those who get in there way and declaring themselves dictators.
In the absence of effective laws to align people in the direction of the society they want, and constant effort to realign in response to pressure, we will fall back to tribalism and all of the attendant forms of feudalism and government that came before it. Ownership then reverts to might (or those with the resources to buy might) makes right.