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Indeed, indeed, indeed. I have been warning about neofeudalism and the techno-rentier for decades. It is nice to finally see some others confirming its arrival. But the anarcho-capitalists are not done with us yet. And the average American still thinks the socialism if worse than incest, but "keep you hands off their social security and medicare". According to Veblen, "barbarism" is always the default button. And, those forced to live in the shadow of the American Empire know its face well. Only now when the "Economic Hit Men" have come home to roost, do we begin to understand the dark side side of the force. Our debts insure our vassalage. SERFS UP America.

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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