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So you’re saying the entire country has been diminished into a company town? I guess this tracks considering the legalized bribery our corporate oligarchs leverage to control politicians and regulators.
They’re certainly working on it.
The one thing we still have going for us today vs in the past is that debts used to be inheritable. So if/when a Company worker died (and they often did, as most Company Towns were formed around very dangerous jobs) then their wife and children were on the hook.
That meant that if their surviving family had no job, or money to pay off the debt, the Company basically owned them at that point. And the Company could even sell the debt to a person who could pay it—and that got the payee a slave.
(Yes, technically, the person who bought the debt had to pay their newly acquired person a wage, so that person could pay them back to earn their freedom. But as there were no laws as to what wage to set, all they had to do was pay their new indentured servant such a pittance and charge them such high fees for room & board that they would be stuck working for their new owner forever—and even pass the debt on to their heirs, if they ever had any.)
Or, the family could simply be sent to debtor’s prison to rot.
I expect to see these old laws make a comeback at some point, especially if they get Project 2025 rolling.