Joel Kotkin makes a strong case for the emergence of a new form of feudalism – I call it “techno-feudalism” - arising from the erosion of the middle class. There is a vast under-class of the poor, the precariat, as it has been called, and then the hyper-wealthy 1 per cent. Everything is controlled, and held together by a technocrat elite. Sounds like hell to me … wait … we are in the thick of it!
https://www.newgeography.com/content/007033-yeomanrys-global-decline
