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Feudalism

Billionaires are building bunkers and buying islands—are they prepping for apocalypse or pioneering a new feudalism?

Credit: Pixabay/CC0 Public Domain In December 2023, WIRED reported that Mark Zuckerberg, the billionaire CEO of Meta and one of the foremost architects of today's social-media-dominated world, has been buying up large swathes of the Hawaiian island Kauai. Zuckerberg and his wife, Priscilla Chan, are constructing a gigantic compound—known as Ko'olau

Airbnb Reinvents Feudalism

Airbnb has launched a new long-term listing service intended to make it easier for would-be-renters to find apartments where they’re allowed to sublet short-term. The site, similar to Zillow or StreetEasy, currently shows listings for about 175 buildings in more than 25 U.S. locations.Airbnb doesn’t own these apartments or buildings, instead they’re owned by management companies who’ve opted to partner with Airbnb. These partners include Equity Residential and Greystar Real Estate Partners LLC, and 10 other companies,…