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The Coming of Neo-Feudalism - A Warning to the Global Middle Class (Hardcover)
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The Coming of Neo-Feudalism - A Warning to the Global Middle Class (Hardcover)
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Following a remarkable epoch of greater dispersion of wealth and
opportunity, we are inexorably returning towards a more feudal era
marked by greater concentration of wealth and property, reduced
upward mobility, demographic stagnation, and increased dogmatism.
If the last seventy years saw a massive expansion of the middle
class, not only in America but in much of the developed world,
today that class is declining and a new, more hierarchical society
is emerging. The new class structure resembles that of Medieval
times. At the apex of the new order are two classes-a reborn
clerical elite, the clerisy, which dominates the upper part of the
professional ranks, universities, media and culture, and a new
aristocracy led by tech oligarchs with unprecedented wealth and
growing control of information. These two classes correspond to the
old French First and Second Estates. Below these two classes lies
what was once called the Third Estate. This includes the yeomanry,
which is made up largely of small businesspeople, minor property
owners, skilled workers and private-sector oriented professionals.
Ascendant for much of modern history, this class is in decline
while those below them, the new Serfs, grow in numbers-a vast,
expanding property-less population. The trends are mounting, but we
can still reverse them-if people understand what is actually
occurring and have the capability to oppose them.
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