It's nothing new, as it is essentially the only logical outcome of capitalism. It's not an aberration, it's an intended feature. Capital is power, and law and government is how that power is expressed and enacted over those without capital.
That being said I don't think at the present moment it's possible to have a society without some form of government, so then the question becomes "what do we do about it", and I think the answer is to limit the scope of political intervention and power as much as possible.