The reason this is a worry is because capitalism has a tension with democracy. If you live in a democratic society without property ownership you aren’t a “renter” of all things you are a caretaker of all things. To say you’re renting implies that you aren’t part of the thing that has ultimate control, but democracy is government of the people.
If we don’t want to rent everything we have to have high taxes on owners of wealth. Otherwise, those owners will see their share of the limited wealth that exists expand on an S curve until there is nothing left for the rest of us but to rent.
But if you don’t have a stake in the government then it’s just another rich entity forcing you to rent. I get that a lot of people don’t feel they have a stake in the government because they’ve been disenfranchised - either literally in a voting sense or more metaphorically in that they can’t see themselves as part of the people the government serves and represents. They are individuals fighting against a larger society rather than people who are apart of the larger society. But then they can never really have anything to call their own, because there’s always someone who is trying to take it.
Individualism is authoritarian. An authoritarian doesn’t rule by social cohesion among their followers - their followers cannot have loyalty to one another, only to the leader. They rule by each individual being cowed into following them. Collective decision making would oust the authoritarian immediately because they suck. Scared individuals making decisions for themselves see backing the strongman as their best option.
