>Yanis Varoufakis proposes that capitalism has died — but it wasn’t replaced by socialism. Rather, capitalism has given way to feudalism: This to me is what is really happening. A good symbol of this is income inequality and to a lesser extent, no real action on climate change. Eventually, the "lords" will be in their castles were we most people bake. The "knights" could be the tech people.
Unfortunately the lords think they will be able to survive in little mansions and that climate change will never make them miserable personally. So they have spent small amounts of capital brainwashing rubes against taking any action so they can continue raking in large amounts of capital with destructive practices.