Neofeudalism: The End of Capitalism?
There's only one aspect in the entire piece that I think is somewhat accurate, which is the division of society into hinterlands and centres. That really is happening, however not only between the property owning class and everyone else, but with much more nuance in between.Everything else however is I think pretty far off the mark, comparing this era to feudalism doesn't make much sense.The article posits extraction of resources from the poor to the rich, including globally, and this is just wrong. We've seen a great convergence in global equity which one can see with their own eyes if they travel to China or Poland.Lack of property or wealth also doesn't imply 'serfdom'. In today's age property isn't really a guarantor of personal autonomy any more, in fact if anything the opposite is true, the biggest benefits today fall on people who can move. Owning a house doesn't really do most people any good any more, in particular not if it's in a place that has its economy turned upside down.