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The Pacific Century
Joel Kotkin on America’s Neo-Feudalism
May 27, 2022
The podcast delves into topics like neo-feudalism in America, convergence of Chinese and American economic models, challenges of the global middle class, tech dominance by oligarchs, and the impact of education on ideological shifts. It also explores migration trends, societal stability, and the need to challenge the status quo to preserve America's unique identity.
52:22
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Quick takeaways
- Neo-feudalism in America's economy is growing, benefiting a small elite while hindering the middle class.
- Tech dominance threatens democratic principles, shifting power towards authoritarian structures.
Deep dives
Concept of Neofutilism and Economic Stagnation in the West
In the podcast, Joel Kotkin introduces the concept of neofutilism, highlighting economic stagnation in Western countries and the decline in opportunities for the global middle class. He points out a trend of long-term economic stagnation benefitting only a small portion of the population, leading to decreased optimism about the future, especially among the youth. This shift contrasts historical patterns of upward mobility, indicating a challenging future for many Western societies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode