Yeah once payback goes below subsistence[1] - even when it gets near it- things get unstable and extremely dangerous. Ancient people understood this very quickly and built up institutions to keep the baseline above subsistence for urban civilizations.
It's been so long since we've seen actual bread riots I fear we forgot how nasty those are.
I think the notion is that with new automated systems of violence and control, some of them built onto the people themselves, our "future civilization" can dial back the worker's compensation to below subsistence. There was a big zillionaire conference where they talked about slave collars, for example, or humanoid AI workers. I'm always a little distressed when the masters of industry fall back on science fiction in order to build a machine that needs to function in the, well, in the present.
It was a private 2017 desert retreat where five wealthy tech and hedge-fund investors flew out media theorist Douglas Rushkoff, ostensibly for a speaking engagement.
Rushkoff wrote it up first as a Guardian essay and later expanded it into his 2022 book Survival of the Richest: Escape Fantasies of the Tech Billionaires.
The problem's super duper obvious if you studied history, but it is also pretty obvious if you can think about second order effects. In collapse the wealthy obviously need security forces to hold on to their stuff, but in a collapse your stuff will - presto changeo - become the security force's stuff. Essentially the singular founding story of all European royal families. Barbarian general took the house, banged the wife, now he's king. Or King-Sound. Kai- Zar
At the end of the day all these little lords and lordettes figured out the time honored lesson that to be actually safe you want to make friends with the locals. And that's part of being new king types as well. But "making people like you" isn't a popular notion with the Revenge of the Nerds types who love this "Lord of the Bunker" kind of thing.
I've seen zoo chimpanzees make a mockery out of this sort of device in VERY short order, and I would dread to impose it on a Delta Force psychopath who also has more higher degrees than I do. Because he's going to know who it was who did it and have all sorts of ideas about what he's doing about that. So the basic premise is also idiotic.
Sorry, I was a little more snide than I usually am on HN, it's been a long day.
kind of the point of living in a civilized society i reckon