21st Century Feudalism

Bankrupt corporate capitalism is on its way to bankrupting the socialism that is trying to save it. That is the end stage. If they no longer have socialism to save them, then we are into feudalism. We are into private police, gated communities, and serfs with a twenty-first century nomenclature.

—Ralph Nader, in Chris Hedges, Empire of Illusion, (New York: Nation Books, 2009), 187.

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