A recent letter (TNT, 5-6) made the case that we have entered a new feudal system, with large corporations being the new overlords. I agree with the writer’s assertions – to a point.
The original feudal system was composed of the major nobility, the minor nobility, the serfs, down to the slaves. The only class that was actually producing wealth was the serfs. The remainder of the structure was living on the wealth extracted from them. The legend of Robin Hood, who took back from the tax collector and returned the wealth to the people who produced it, was the …