Capitalism’s Triumph over Feudalism

Laurence Articles

Joel Kotkin, an urban geographer, demographer, and prolific futurist, argues in a new book that the United States is headed toward “neo-feudalism,” where individuals have a fixed position in the social hierarchy, mostly determined by heredity.

But his evidence is unconvincing.

Rather than feudalism, we are headed toward hyper-capitalism, where each person is an entrepreneur constantly selling his or her services to the highest bidder. Thus, although it’s beautifully written, pleasantly brief, and full of interesting information, Kotkin’s book, The Coming of Neo-Feudalism, fails to persuade.

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