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- Yet in recent decades this country has begun to show signs of growing feudalization. This trend has been most pronounced in the economy, where income growth has skewed dramatically towards the ultra-rich, creating a ruling financial and now tech oligarchy.
nypost.com › 2019/12/25 › how-america-is-reverting-back-to-the-feudal-ageHow America is reverting back to the feudal age - New York Post
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Dec 25, 2019 · In America, a nation with a mythology disdainful of inherited wealth, millennials are counting on inheritance for their retirement at a rate three times that of the boomers.
- The Brief Era of The Democratic Commons
- From Feudalism to Democracy—And Back
- Neo-Feudalism and The Financial Collapse of 2008
- Private Jurisprudence and The Mortgage Collapse
- The Invasion of Arbitration
- Private Arbitration Regimes in Trade Law
- Silicon Valley as A Giant Fiefdom
- Private Law in The Drug Industry
For part of the 20th century, the democratic state served as a counterweight to the concentrated power that flowed to concentrated wealth in a capitalist economy. Laws helped workers offset the power of employers, protected small investors from the schemes of bankers and brokers, gave some countervailing power to tenants against landlords, and adde...
The historic movement from feudalism to the modern state and then to political democracy began in the late Middle Ages and the early modern era. Feudal lords had massive landholdings wherein their word was law. They maintained their own military forces, and operated feudal courts to resolve disputes. These quasi-states had understandings (and somet...
Under the system of financial regulation created in the New Deal, commercial banks were strictly supervised under one regulatory regime, while the issuance and sale of securities were tightly governed under another. In exchange for federal deposit insurance and/or membership in the Federal Reserve System, commercial banks had to abide by reserve re...
The subprime collapse of the early 2000s was the direct result of the invention of new toxic financial products and private systems of law. Loan originators created new categories of mortgages in which the borrowers’ rates would explode after a few years, and marketed them aggressively to unsuspecting homebuyers who could not afford them. Deceptive...
Another emblematic case of neo-feudalism is the use of compulsory arbitration to move consumer and employment disputes from the public courts to a rigged process of private systems of adjudication. This privatization of justice deprives workers and consumers of the benefits of many of the statutory rights that they achieved in the 1960s and ’70s. I...
Since the 1980s, major trade agreements have included a device known as Investor-State Dispute Settlement. This first came about in the case of trade deals between European multinational corporations and former colonies with weak or corrupt systems of law. The U.S. government copied this formula in bilateral trade deals to protect U.S. investors fr...
One of the startling trends of recent decades has been the success of the giant tech monopolies at creating their own proprietary systems of law and insulating themselves from public regulation. While citizens are protected from unreasonable searches and seizures by constitutional constraints on government surveillance, the tech giants know far mor...
Like Big Tech, the pharmaceutical industry is a fortress of privatized law—despite the fact that most drug breakthroughs are ultimately financed by you, the American taxpayer, either through NIH grants or through elevated health insurance premiums. The big drug companies have succeeded in manipulating patent law to their advantage, to the point whe...
Yet today—after decades of social mobility, a digital revolution that was supposed to empower individuals everywhere, and the construction of a vigorous anti-discrimination apparatus that putatively ensures equal rights and status—a rigid new social order with feudal elements has come into view.
Nov 21, 2019 · The United States came on the scene with only vestiges of the old European feudal order—mostly in the plantation economy of the Deep South. There was no hereditary nobility, no national church, and, thanks to George Washington’s modesty, no royal authority.
Dec 12, 2021 · Yet today—after decades of social mobility, a digital revolution that was supposed to empower individuals everywhere, and the construction of a vigorous anti-discrimination apparatus that putatively ensures equal rights and status—a rigid new social order with feudal elements has come into view.
May 29, 2020 · 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...
May 27, 2022 · Misha talks to Joel Kotkin, uber-geographer, about the coming neo-feudalism and “zaibatsuization” of America’s economy, how Chinese and American economic models are converging, and how to preserve liberty in an age of oligarchic tech dominance.
