Multiple corporations (with their 'fiefdoms') is decentralised from government, in a similar manner to peers being decentralised from government (or the crown).
You could either argue 'not as much so', or that 'corporate lobbying, unions, and party donations have a similar influence on policy'; regardless I think it's an interesting idea.
> Feudalism, also known as the feudal system, was a combination of the legal, economic, military, and cultural customs [...]. Broadly defined, it was a way of structuring society around relationships that were derived from the holding of land in exchange for service or labor. [0]
Don't really get all the downvotes. I could extend more on it, and explain my reasoning, but I feel like HN is too caught in this "tech moguls are saviors" and even if they weren't and they wouldn't be where they are, somebody else would be a bad actor.
Except there is no “holding of land in exchange for labor”, the only concrete element of the description you quote.
> We're seeing the teaming up of governments and giant corporations to control the narrative and tell people what's true and what isn't.
Now why do I call this feudalism? To be honest I could call it various other things, the most "getting to the root" would be "class warfare". I chose to call it feudalism in this case, because feudalism was basically the last period/time we chose to call it honestly what it is: Getting ruled from above. They want to implement censorship, because even though we always say "one day it might work against you", but for them it does not. Ever.
So when we introduced parliaments we split law-making power from nobility to politicians, elected by the people. But if you are an "accumulator of wealth", you can basically act as a modern fief. Especially if you work together with politicians.