Posted at Hartmann Report on Jan. 28, 2024
The New Feudalism: The Hidden History of Monopolies
The war for the heart and soul of America, funded by libertarian billionaires, has moved into the press, the internet, and our political arena. In that struggle, it’s more accurate to portray libertarians as “feudalists” than as advocates of anything new.
Feudalism doesn’t exclusively refer to a point in time or history when streets were filled with mud and people lived as peasants. More broadly, it refers to an economic and political system, just like democracy or communism or socialism or theocracy.
The biggest difference is that instead of power being held by the people, the government, or the church, those who own property and the other necessities of life hold power. At its essential core, feudalism could be defined as “government of, by, and for the rich.”