I don't know why he talks about the death of Web 2.0 and the rise of individualism like it's something new. It's the way it's always been - people who have the talent will dominate and people without talent will follow. What is so groundbreaking about his observation and why are people so offended by the prospect of the Internet NOT being democratized?
It's funny, the first time I watched the video I thought he was saying "digital fascism and digital futilism" rather than feudalism. That would be a lot more interesting. Check out the full story here.