Why Neo-Feudalism Works for Nobody
Walk into any diner, job site, or grocery store parking lot across this country, and you will find an electorate exhausted down to its marrow. The political commentariat will tell you the public is merely polarized, caught in an unending culture war between rival red and blue tribes. But look beneath the cable-news noise and the sterile statistical models, and the real diagnosis is far more sinister: we have quietly drifted into a system of debt-bonded neo-feudalism, an economic arrangement that works for nobody. Feudalism in the Middle Ages was simple: you lived on land you didn’t own, you farmed crops you couldn’t keep, and you surrendered the lion’s share of your harvest to a lord who controlled the gates. Today, we don’t call them lords; we call them private equity syndicates, asset management conglomerates, and loan servicers. The mechanism of control is no longer the sword or royal lineage; it is compound interest and monthly amortization tables. Consider the balance sheet of ...