Look, I’m not making an argument in favor of serfdom (far from it). I’m pointing out that many current iterations of democracy have become quite corrupt, so much so that the difference between it and feudalism is one measured on the margins (your details). Every couple days an article gets upvoted on this website that describes how the economies in (western) democracies have metastasized to the point where it’s participants are just cogs, working for a massive corporate enterprise that explicitly does not care about them, voting in elections about a government that quite often does the opposite of what is in their expressed interests, and/or are stuck in an infinite loop of debt-enabled credentialism.
Okay yeah that’s not de jure feudalism. Inching closer and closer to de facto, though.
Edit: to say this again, because apparently it’s needed. I am not in favor of feudalism.