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"Our society is being rapidly reduced to a feudal state, a process now being exacerbated by the COVID-19 pandemic. Millions of small businesses are near extinction, millions more losing their jobs and many others stuck into the status of a property-less serfs. The big winners have been the “expert” class of the clerisy and, most of all, the tech oligarchs, who benefit as people rely more on algorithms than human relationships.
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. "
https://joelkotkin.com/the-coming-of-ne
#coup