Elon Musk opted to change the well-known blue bird logo of the social media company Twitter to an “X” in July of 2023. Since the late 1990s, this billionaire has aspired to create a “super app” similar to China’s WeChat, which boasts a user base of 1.3 billion.
Note: this article is also available in Swedish
In such an app, everything should be possible: payments, messaging, calls, gaming, and more. At the current juncture, one of Twitter’s subsidiary entities has also procured authorization to effectuate money transfers within four US states, with additional states (and nations) likely to follow suit.
Another trend is the surge in property prices and the need for larger down payments, making it increasingly challenging – especially for the young – to purchase and own their homes. Instead, they find themselves reliant on the rental market and thus beholden to landlords.
In field after field, citizens across much of the world have been placed in a state of dependence. Consequently, private ownership has eroded, undermining people’s independence, their ability to accumulate wealth, and their freedoms. The feudal society is making a comeback.
“Those who are in debt are not free”, Sweden’s former prime minister Göran Persson once wrote. Today, it can be stated that those who do not own are not really free either.
X (Twitter) confiscates usernames without compensation. Political parties are denied the opportunity to rent premises in Sweden and probably elsewhere. Insurance companies terminate corporate clients deemed not sufficiently “sustainable”.
It’s possible that the future will reflect the sentiment expressed by a Danish politician during the 2016 World Economic Forum (WEF): “You will own nothing. And you will be happy.” Perhaps, though at least your freedom seems set to vanish into thin air - much like your assets.
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Cover image: Medieval illustration of men harvesting wheat with reaping-hooks or sickles, on a calendar page for August. Queen Mary’s Psalter. Depicts feudalism and socage in Medieval Europe. Source: Wikimedia Commons