Feudalism

Whatever the medical benefits achieved from the prolonged coronavirus lockdown, California’s small business community will be suffering severe symptoms, likely for decades to come. The state’s small entrepreneurs, particularly in poorer areas, face major readjustments and perhaps obliteration, a situation further complicated for some by damage stemming from the protests…

The COVID-19 pandemic has disrupted many things, but also accelerated America’s descent into a new form of feudalism. The preexisting conditions of extreme economic concentration, inequality and reduced social mobility already were painfully evident before, but the pandemic has made them considerably worse. Pestilence has often shaped societies, most notably in…

n the past, fears of job losses from automation were often overstated. Technological progress eliminated some jobs but created others, and often better-paying ones. In the early days of the high-tech revolution, many of the pioneering firms—such as Hewlett-Packard, Intel, and IBM—were widely praised for treating their lower-level workers as…

Sir, – The EU proposes to provide €750 billion for immediate relief of its beleaguered economies. Quantitative easing, bond purchasing, loans and every trick in the book will, over the next seven years, be used to raise that sum to the trillions. If all this is spent trying to restore…

When I learned that we were entering a new period called neo-feudalism, my first reaction was to wonder if that was any worse than what we have now. After all, the serf might have suffered from a lack of freedom but at least had lots of time off as Michael…

The COVID-19 pandemic has disrupted many things, but also accelerated America’s descent into a new form of feudalism. The preexisting conditions of extreme economic concentration, inequality and reduced social mobility already were painfully evident before, but the pandemic has made them considerably worse.Pestilence has often shaped societies, most notably in the…

JOEL KOTKIN: THE CORONAVIRUS IS ALSO SPREADING A DARK NEW ERA OF NEO-FEUDALISM. The COVID-19 pandemic is accelerating the global shift already underway towards a neo-feudal society. With the middle-class economy largely shut down and, in the best-case scenario, in for a long and painful recovery, the population that is…

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Adapted from The Coming of Neo-Feudalism (Encounter Books). The COVID-19 pandemic is accelerating the global shift already underway towards a neo-feudal society. With the middle-class economy largely shut down and, in the best-case scenario, in for a long and painful recovery, the population that is barely hanging on is expanding rapidly…

It will be months, likely years, before we understand how COVID-19 has reshaped our communities. Yet there is enough data, based on just the last three months, to get some notion of what areas and populations are most vulnerable. The patterns are in many ways fairly clear. Media outlets, particularly…