A good Sunday read from the Los Angeles Review of Books. Post-war America was mostly successful in keeping money and power at arm’s length from each other. Since the Cold War wealth has concentrated, politics has been infused with vast sums of money in the form of “campaign contributions” which now seem limitless (see: Citizens United). Where does this lead? Back to one of the most stable systems ever, Feudalism.
Neofeudalism: The End of Capitalism?