They are no different than the feudal lords of the middle ages.
They cannot exercise true power when they are fabulously wealthy and everyone else lives a decent lifestyle with no real wants. The true power comes when ordinary people have to scrabble for survival while the elitists live like kings.
>>They are no different than the feudal lords of the middle ages.
Exactly. I tend to call Transnational Progressivism by the more useful term, Neofeudalism. It is not communism or even socialism, by the 20th century definition of the terms.