alt Hacker News> This is literally the objective of the ultrawealthy
Assertion without proof; seems extremely likely to be baseless stereotyping since you insist this applies to the entire category rather than some specific named individual;
> it is the natural extrapolation of the early events of the industrial revolution projected onto a near-future world
Ford explicitly built his cars cheap so that the average person can afford them, and you're using this as evidence of supervillain-tier "wipe out humanity"?
> Feudalism is the natural state of mankind, and has been for thousands of years.
Feudalism, notably arising in the 5th century, has not even existed for thousands of years. Feudalism also notably did not involve the complete extermination of the peasant class. And of course, one could go so far as to notice that feudalism has largely been replaced by other systems of governance...
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Obviously I cannot claim that every ultrawealthy individual wants to eradicate the working class (some certainly do though, by their own admission). Instead, all ultrawealthy individuals do want to accumulate more resources (this is essentially by definition). In the event that productivity does increase without human labor, there is absolutely no incentive for democratization; indeed, that would be counterproductive. The ultrawealthy, as a collective, in seeking limitless personal gain, must proceed toward this objective.
Ford built his cars after the Gilded Age, and after the government imposed a stunning set of policies that began a steady reduction in wealth inequality. Ford was a player in a market where the goals were set in a way that promoted inclusive institutions and democratization.
I was referring to the early events of the industrial revolution in Europe (predominantly England), over 200 years prior. Living standards for the majority of the labor class fell dramatically, because labor itself became less valuable. The scenario above is the extrapolation of this, and therefore much worse.
The technical term for feudalism refers to the system of government in the medieval period. I was referring to that term in an informal sense, since I am sure many know what I mean by that. As I answered to another user, I should have used the phrase "extractive institution" instead, as that is the correct term. "Serfdom" would also have been better.
But it's important to understand why that system of government was replaced. Over the last several hundred years, the majority of humans slowly clawed back power from the elites over a series of economic downturns involving war, revolutions, and then an unstable relationship with the labor class. As labor became valuable again, power shifted back to the people. Reversing that direction would undo all of that hard work. So far, that is what technology has brought.
Henry Ford was also a notorious nazi sympathizer, maybe you can take those kind of statements with a grain of salt.
Serfdom was abolished in the russian empire in 1861, so feudalism is a still relatively recent phenomenon in human history; and giving more recent examples slavery was abolished in Mauritania only recently.