Converging Poles: similarities between late capitalism tendencies and communist regimes characteristics

In recent years, the Subscription Model has been adopted across an ever-expanding spectrum of sectors and industries. There is still debate over the cause of this increase, but there is also a widespread consensus that this model is likely here to stay and will continue to proliferate in the years to come. In Her essay “Welcome to 2030. I own nothing, have no privacy, and life has never been better” included in the WEF Ida Margrete Meier Auken describes a hypothetical community in which, for better or for worse, private property is a rarity instead of the norm. While such a system would yield extraordinary results under the exclusive influence of perfectly honest people, I’d like to raise the concern and evaluate some sample data over the risks that such proposal brings forth. Mrs. Auken is a Danish citizen and a member of the Social Liberal Party, so at a first glance it might seem that her essay contrasts anything that might have to do with pure capitalism and the free market, but I will soon present some evidence which show how major players of the capitalist free market are pushing for this same shift of property. What appears to be a natural progression within the free market and the traditional capitalist system brings about a variety of social changes that may resemble something vastly different in origin—some might even argue diametrically opposite. What could be the consequences of this trend on society? How will financial and accounting results vary as the diffusion of the subscription model persists? How might two seemingly disparate political models end up resembling one another? Friedrich Hayek , considered the father of Neoliberalism, argues that without interventions to curb state power, centralised planning by the state and the adoption of social policies inevitably concentrates power in the hands of a few, leading to the suppression of dissent and the imposition of authoritarian rule . The following exercise turns this same concern against the increasing power wielded by large corporations: What if, left unchecked, they become the authoritarian planners of societies? Whose interests will they serve first? In order to explore these topics, we will first explore the concept of property, followed by the major features of the subscription economy, with its pros and cons. Then we’ll analyze financial data coming from some major firms and try to expose future risks. Finally, we will be assessing a comparison between systems and mention what might be a safer solution offered by several macroeconomic trend contemporary experts.