First, we have to know what feudalism is.
Of course, none of us know what feudalism is, we were not around to experience it, although being Chinese, I am sure we all have come across people with a feudal mentality, that is for sure.
Feudalism, was basically the serf paying rent to his Lord or landlord.
That was classical feudalism, if there is such a term, hehe.
What is techno-feudalism or neo-feudalism is a little different in its practical application, but clearly seems exactly the same in how the relations are structured, meaning how the new serf to Lord relationship is like today.
The facts are clear.
Around 70% of Americans live paycheque to paycheque, means they got no money, need a job just to eat or have a roof over their heads, otherwise they be living in their car.
About half of Americans carry carry credit card debt, meaning they got to pay the man, every month.
Then there is rent or housing, where they pay the landlord or pay the mortgage which is owe to the bank.
Then to make this all real and complete, it is the platforms. You own a cell phone right? Like everybody. Those platforms get their cut, if we do anything on them.
So it is like the finance people get their cut from credit cards or mortgage payments. Maybe with a car or home pays for the insurance. Then do anything on the phone, you are paying the telecom company for the connection and then the platform for any transactions.
Then we kind of accept the fact that all these entities are in cohoos with one another. And when things go bad, they get bailed out by the government. They get bailed out collectively, while they foreclose on someone's house! Ah ha! No.....
In classical feudalism, it was the relationship of serf to their Lord that defined their life. In techno-feudalism or neo-feudalism, it is the average person and their must have relations with these corporate entities, who always get their cut, like the feudal lord before.
The thing about feudalism, life did not really improve for the serf over the centuries. The thing about today, no one expects the young to have a better life than the boomers, which is kind of in line with techo-neo-feudalism.
That was why feudalism was chucked out.
How neo-feudalism has entrenched itself in the United States, seems to me one side has a decisive upper hand in the class struggle.