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Radhika Desai
The vast increase in rentier activity and income at the expense of productive activity, and the deformation of politics to support that increase has led many to propose that capitalism has been trans- formed into “neo-feudalism.” Though there are instances of this analysis being harnessed by right-wing populist politics seeking to rescue working people from what it considers the financialized, hi-tech globalist project (Kotkin, 2020), it is most often aimed at strengthening the left by ridding it of misunderstandings that hamper its ability to take on an increasingly oppressive social structure based on rentier incomes (Dean, 2020
