Either way, he’s a dickhead. He’s clearly throwing around words he doesn’t really understand.
It wouldn’t be economically rational to do this. Nations have a monopoly on violence (policing, military & enforcement of through force) within their own borders, and nations are in competition with one another, even during times of peace.
It does not make sense for anyone nation to start culling people who do not get onboard with some radical social engineering programme. Through the stroke of a pen these companies are under the control of the government.
Say you want to make an even more pessimistic argument, say the oligarchy in one country get control of this monopoly on its violence. That country is still in competition with other countries.
Russia still has nukes, and thanks to their little war, they lack the technological expertise to go to toe to toe with China and the US on AI. Countries wanna mobilise what resources they can to survive this strategic competition and that includes humans.
Say the oligarchs are smart enough to maintain the status quo in foreign policy, and they seek to enslave their entire country. There is no amount of resources in the world that would prevent the amount of disenfranchised people from revolting and over-throwing any such government that didn’t give them a fair social contract, especially one that’s already gone through higher levels of economic development.