Our Neo-Feudal Future | Joel Kotkin

It will be a period in which the technocracy will continue to live well, while the rest of the country stagnates at best and more likely declines.

After the 1970s, meritocracy began to look more and more like Michael Young’s dark satire. A system intended to give each new generation an equal chance to rise created a new hereditary class structure. Educated professionals pass on their money, connections, ambitions, and work ethic to their children, while less educated families fall further beh

As the children of the white working class find themselves in the same position as African Americans, a more traditional social struggle will emerge, based on exclusion of the lower class. It will create alliances that are unthinkable today.

At the close of the twentieth century it appeared that the great ideological battles between fascism, communism, and liberalism had resulted in the overwhelming victory of liberalism. Democratic politics, human rights, and free-market capitalism seemed destined to conquer the entire world. But as usual, history took an unexpected turn, and after fa