Its called capitalism. Capitalism has always been and always will be like this. Capitalism has always had a power imbalance and an underclass with no political power or hopes of advancement. There has been no qualitative changes in the fundamental mode of production since the 19th century, just accelerations and increases in scale. The who idea of “neofeudalism” exists merely to whitewash capitalism by saying everything happening today isnt “real” capitalism
Under neo feudalism it’s not now much money the oligarchy gets to keep, it’s about how much they get to keep out of the hands of the rest of society.
Power imbalance is the point.
Its called capitalism. Capitalism has always been and always will be like this. Capitalism has always had a power imbalance and an underclass with no political power or hopes of advancement. There has been no qualitative changes in the fundamental mode of production since the 19th century, just accelerations and increases in scale. The who idea of “neofeudalism” exists merely to whitewash capitalism by saying everything happening today isnt “real” capitalism