Terrifying, really. The world is hurdling back towards a feudalist society, with corporations instead of kings.
From where I am standing I wonder if this is not reflection of the ineffectiveness of governments. In my part of the world there is a lot more talk about devolution, basically self governance of the different regions. Everyone is sick and tired of decisions being made from the capital city by people who do not have your interests at all.
It's nothing short of a miracle that for the past 150-200 years, we've managed to fill much of the world's power space with a system that roughly serves the people (with lots of flaws, but nevertheless). Let's hope it isn't just an anomaly.