What makes this such a viable conspiracy theory is just how unoriginal it is. Like feudalism never existed before, like the US never had company towns with people paid in an analog of crypto that could only be traded with that company…

Which is also what makes it scary because it’s difficult to imagine an elite cabal of multi-billionaires having nothing but complete indifference about the vast majority of people they’ve effectively isolated themselves from in their little echo chamber. And if you’re bored of being a CEO or VC where do you go from there?

I think you have to imagine just how out of touch with the people one has to be to genuinely believe that they can do better as a dictator, or the inner sanctum of a dictator, than the people can do as a democracy.