This is honestly worse than Serfdom, or anything from the Middle Ages despite the Modern Man’s hatred for it.
Sure, being a Serf was a hard life, but if you grew your crops and did your feudal duties, you were mostly left alone.
Only the Modern Man created totalitarianism where people aren’t just out for plunder, but to control everything in society down to each individual’s life.
Ain't Corporatism grand?