During the Great Depression, when banks foreclosed on farms, neighbors often showed up at the auctions together.
They’d bid only a few cents, and return the land to the family that lost it. Sometimes a noose hung nearby as a warning to outsiders not to profit from someone else’s ruin.
It was rough, but it worked, communities protected each other when the system wouldn’t.
If a collapse like that happened today, do you think people would still stand together or has that kind of solidarity disappeared? Could it happen again?
They’d try, but there will be corporations bidding from thousands of miles away completely out of reach of any mob action these days.
If we reach penny auction status (and we will), it will be back to functional feudalism for most.
I think some communities would try. But it wouldn’t work. There wouldn’t be physical auctions. The banks would just sell to whatever faceless megacorp that was interested.
No, propaganda would convince them standing together is ‘woke’.
Also bots would insta-win any auctions by outbidding any human beings.
