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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 · Published Dec. 25, 2019, 2:23 p.m. ET. Shutterstock. America’s birth represented a dramatic break from the past. Save for a few vestiges of the old European feudal order, mostly in the...
- 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...
The feudalism that ensued would simplify society under the rule of two classes, the military aristocracy and the clerical class, while most people lived essentially in bondage to one or the other. This historical precedent can help us make sense of the socioeconomic trends of America’s last half-century.
Dec 12, 2021 · Our Neo-Feudal Future. by Joel Kotkin 12/12/2021. America has only a limited feudal past, the plantation aristocracy of the antebellum South and the enormous class chasms of the Gilded Age being pretty much our only examples. Yet today—after decades of social mobility, a digital revolution that was supposed to empower individuals everywhere ...
May 29, 2020 · 1:51. 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,...
Aug 23, 2018 · The model of the nation-state has come under attack from below – in the form of a deteriorating level of trust by the people towards their elected or unelected representatives – as well as from above, by failing to provide appropriate answers to an ever more globalized world.
Apr 19, 2024 · feudalism, historiographic construct designating the social, economic, and political conditions in western Europe during the early Middle Ages, the long stretch of time between the 5th and 12th centuries.
