
The Coming of Neo-Feudalism

America increasingly resembles “feudalism with better marketing.”
Our Neo-Feudal Future | Joel Kotkin
In the United States, long known as the land of opportunity, the chance of middle-class earners’ moving to the top rungs of the earnings ladder has dropped by approximately 20 percent since the early 1980s
Our Neo-Feudal Future | Joel Kotkin
The inability to rise, or even to maintain middle-class status, has sparked calls for a universal basic income, a policy embraced by many in the clerisy and throughout the oligarchy. A universal basic income would stand as what Karl Marx called “the proletarian alms bag,” keeping the masses from destitution without assisting them to move up, start... See more