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.
I disagree. We overestimate the freedom we have and underestimate theirs.
For example they had much more free time than we do today. We on the other hand are still "free" to choose where to work (as long as we aren't in poverty, which is unfortunately untrue for too many, with no prospect of future change), but the workplace is as undemocratic as it gets.
Forget our (tech) golden workplaces. Most people spend 2/3 of their lives in authoritarian workplaces that they can't leave because they need their shit job to survive.
Where is the practical difference with being a serf?
Even in the west, most of us don't live a democracy, except for the minority of their time.
Not to mention, (modern) states offer much more than military security. They offer healthcare, food, care for the disabled, infrastructure, education, and many other services. And, especially in smaller nations or at local levels (think town, not US state), there is quite a lot of real democratic power, certainly incomparable to the realities of serfdom.