The Forum > General Discussion > Neo - Feudalism
Neo - Feudalism
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Globalisation has aided the upper classes but not the rest. The ‘learned’ people, or clerisy, and the oligarchy have a common world view, believing in globalism, cosmopolitanism, the value of credentials, and the authority of experts.
Technology, once seen as good for democracy, has become a tool for surveillance and consolidation of power. Our new “overlords” are the technocratic elites, a “priesthood of power” based on scientific expertise.
Self-determination, family and community are out, replaced by ‘progressive’ ideas about globalism, environmental sustainability, re-defined gender roles, and the authority of experts.
Where liberal capitalism built affordable housing for the upwardly mobile, Neo-feudalism is creating a world where fewer and fewer people can afford to own their homes. The ‘enlightened’ environmental policies are imposing “extraordinarily high energy costs on the less well off”.
The clerisy/oligarch class will expand the scope of welfare and state with subsidies and direct payments for the masses in the hope of staving off a rebellion. A Universal Basic Income (UBI) is one of the ideas touted to keep the ‘serfs’ quiet.
A high-tech Middle Ages or feudal system will emerge as economic power is dominated by fewer companies in the technical and finance areas, resulting in very little progress for most people. In 2005 to 2014, the percentage of people with flat or decreasing real incomes rose to over 60% in twenty five advanced economies. (‘Financial Times’, 19/7/17).
Tech leaders controlling a few powerful companies resemble a feudal ruling class. Like aristocrats of old, they are resistant to any dispersion of their power.